Fox Factory Holding Corp (NASDAQ:FOXF) CFO Zvi Glasman Sells 7,000 Shares

Fox Factory Holding Corp (NASDAQ:FOXF) CFO Zvi Glasman sold 7,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $67.94, for a total transaction of $475,580.00. Following the sale, the chief financial officer now directly owns 20,284 shares in the company, valued at $1,378,094.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Zvi Glasman also recently made the following trade(s):

  • On Monday, September 9th, Zvi Glasman sold 5,000 shares of Fox Factory stock. The shares were sold at an average price of $67.68, for a total transaction of $338,400.00.
  • On Friday, August 30th, Zvi Glasman sold 13,583 shares of Fox Factory stock. The shares were sold at an average price of $72.93, for a total transaction of $990,608.19.
  • On Friday, June 28th, Zvi Glasman sold 5,000 shares of Fox Factory stock. The shares were sold at an average price of $82.50, for a total transaction of $412,500.00.
  • On Friday, June 21st, Zvi Glasman sold 5,000 shares of Fox Factory stock. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00.

NASDAQ FOXF traded up $0.15 during trading hours on Friday, hitting $67.75. The company’s stock had a trading volume of 324,600 shares, compared to its average volume of 226,788. The stock has a fifty day moving average of $74.33 and a 200 day moving average of $73.84. Fox Factory Holding Corp has a twelve month low of $49.97 and a twelve month high of $86.91. The firm has a market capitalization of $2.60 billion, a P/E ratio of 30.52, a PEG ratio of 1.55 and a beta of 1.35. The company has a quick ratio of 1.45, a current ratio of 2.73 and a debt-to-equity ratio of 0.21.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. Fox Factory had a net margin of 12.45% and a return on equity of 29.77%. The business had revenue of $192.10 million for the quarter, compared to analyst estimates of $187.96 million. During the same period in the prior year, the business posted $0.56 earnings per share. Fox Factory’s revenue was up 22.5% compared to the same quarter last year. On average, analysts predict that Fox Factory Holding Corp will post 2.62 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Fox Factory from a “sell” rating to a “strong sell” rating in a report on Saturday, September 7th. Stifel Nicolaus increased their price objective on shares of Fox Factory from $72.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Bank of America restated a “neutral” rating and issued a $86.00 price objective (up from $78.00) on shares of Fox Factory in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.83.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in Fox Factory in the second quarter worth $60,000. Convergence Investment Partners LLC acquired a new stake in Fox Factory in the second quarter worth $145,000. Cim LLC acquired a new stake in Fox Factory in the second quarter worth $217,000. Marco Investment Management LLC acquired a new stake in Fox Factory in the second quarter worth $219,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in Fox Factory in the first quarter worth $227,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

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