State Street Corp Boosts Holdings in Fox Factory Holding Corp. (FOXF)

State Street Corp grew its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 34.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 793,572 shares of the company’s stock after buying an additional 203,102 shares during the period. State Street Corp owned 2.12% of Fox Factory Holding Corp. worth $28,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of Fox Factory Holding Corp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 18,036 shares of the company’s stock valued at $642,000 after buying an additional 47 shares during the period. Capstone Asset Management Co. increased its stake in shares of Fox Factory Holding Corp. by 1.3% in the second quarter. Capstone Asset Management Co. now owns 11,250 shares of the company’s stock valued at $401,000 after buying an additional 140 shares during the period. Texas Permanent School Fund increased its stake in shares of Fox Factory Holding Corp. by 0.8% in the second quarter. Texas Permanent School Fund now owns 25,294 shares of the company’s stock valued at $900,000 after buying an additional 196 shares during the period. Prudential Financial Inc. increased its stake in shares of Fox Factory Holding Corp. by 0.3% in the second quarter. Prudential Financial Inc. now owns 57,980 shares of the company’s stock valued at $2,064,000 after buying an additional 200 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Fox Factory Holding Corp. by 7.5% in the second quarter. LS Investment Advisors LLC now owns 3,990 shares of the company’s stock valued at $142,000 after buying an additional 279 shares during the period. 96.57% of the stock is owned by institutional investors.

Shares of Fox Factory Holding Corp. (NASDAQ FOXF) opened at $38.55 on Friday. Fox Factory Holding Corp. has a one year low of $21.00 and a one year high of $46.80. The company has a market capitalization of $1,447.24, a P/E ratio of 25.36, a P/E/G ratio of 1.82 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 2.48.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released its earnings results on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. The business had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $123.02 million. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. analysts forecast that Fox Factory Holding Corp. will post 1.53 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on FOXF shares. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday, October 23rd. ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target (up previously from $32.00) on shares of Fox Factory Holding Corp. in a research note on Wednesday, August 9th. Robert W. Baird reissued a “hold” rating and issued a $40.00 price target on shares of Fox Factory Holding Corp. in a research note on Thursday, September 28th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $36.00 price target on shares of Fox Factory Holding Corp. in a research note on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.29.

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In related news, SVP William H. Katherman sold 18,580 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zvi Glasman sold 15,500 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $37.65, for a total value of $583,575.00. Following the sale, the chief financial officer now directly owns 59,100 shares of the company’s stock, valued at approximately $2,225,115. The disclosure for this sale can be found here. Insiders have sold 49,680 shares of company stock valued at $1,953,127 in the last ninety days. 21.40% of the stock is currently owned by insiders.

Fox Factory Holding Corp. Company 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.

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

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