Timpani Capital Management LLC Acquires 19,377 Shares of Fox Factory Holding Corp. (FOXF)

Timpani Capital Management LLC raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 51.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,970 shares of the company’s stock after purchasing an additional 19,377 shares during the period. Timpani Capital Management LLC owned 0.15% of Fox Factory Holding Corp. worth $2,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in shares of Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock worth $107,000 after purchasing an additional 2,685 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Fox Factory Holding Corp. by 22.8% during the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock valued at $109,000 after acquiring an additional 710 shares in the last quarter. SG Americas Securities LLC purchased a new position in Fox Factory Holding Corp. during the second quarter valued at approximately $111,000. Victory Capital Management Inc. grew its stake in Fox Factory Holding Corp. by 11.3% during the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after acquiring an additional 509 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new position in Fox Factory Holding Corp. during the second quarter valued at approximately $160,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

In other news, CFO Zvi Glasman sold 10,200 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.34, for a total transaction of $401,268.00. Following the completion of the transaction, the chief financial officer now directly owns 82,325 shares in the company, valued at approximately $3,238,665.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William H. Katherman sold 2,356 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $36.95, for a total value of $87,054.20. Following the transaction, the senior vice president now owns 32,750 shares of the company’s stock, valued at $1,210,112.50. The disclosure for this sale can be found here. Insiders have sold a total of 69,577 shares of company stock valued at $2,558,446 over the last quarter. Corporate insiders own 21.40% of the company’s stock.

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Several brokerages have issued reports on FOXF. DA Davidson lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Wednesday, May 17th. CL King lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. ValuEngine upgraded shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Fox Factory Holding Corp. presently has a consensus rating of “Buy” and a consensus price target of $35.67.

Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 0.64% during midday trading on Friday, hitting $38.95. 245,888 shares of the stock were exchanged. The firm’s 50-day moving average is $38.40 and its 200 day moving average is $32.81. Fox Factory Holding Corp. has a 52-week low of $19.65 and a 52-week high of $40.50. The firm has a market cap of $1.46 billion, a PE ratio of 31.16 and a beta of 0.68.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $117.16 million. Fox Factory Holding Corp. had a return on equity of 29.60% and a net margin of 10.67%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. On average, analysts forecast that Fox Factory Holding Corp. will post $1.50 earnings per share for the current year.

Fox Factory Holding Corp. Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

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Institutional Ownership by Quarter for Fox Factory Holding Corp. (NASDAQ:FOXF)

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