Victory Capital Management Inc. Sells 1,208 Shares of Fox Factory Holding Corp (NASDAQ:FOXF)

Victory Capital Management Inc. lowered its holdings in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,819 shares of the company’s stock after selling 1,208 shares during the period. Victory Capital Management Inc.’s holdings in Fox Factory were worth $286,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Fox Factory by 19.7% during the first quarter. JPMorgan Chase & Co. now owns 680,936 shares of the company’s stock worth $28,598,000 after acquiring an additional 112,244 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Fox Factory by 3.7% in the first quarter. Ensign Peak Advisors Inc now owns 30,755 shares of the company’s stock worth $1,292,000 after buying an additional 1,100 shares during the last quarter. Polen Capital Management LLC raised its holdings in Fox Factory by 67.4% in the first quarter. Polen Capital Management LLC now owns 53,367 shares of the company’s stock worth $2,241,000 after buying an additional 21,483 shares during the last quarter. State Street Corp raised its holdings in Fox Factory by 5.7% in the first quarter. State Street Corp now owns 1,135,858 shares of the company’s stock worth $47,706,000 after buying an additional 61,365 shares during the last quarter. Finally, RMB Capital Management LLC raised its holdings in Fox Factory by 337.0% in the first quarter. RMB Capital Management LLC now owns 56,654 shares of the company’s stock worth $2,379,000 after buying an additional 43,691 shares during the last quarter.

FOXF has been the subject of several recent analyst reports. BidaskClub cut shares of Fox Factory from a “strong-buy” rating to a “buy” rating in a report on Friday, June 19th. Berenberg Bank cut shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Tuesday, May 19th. CJS Securities cut shares of Fox Factory from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Zacks Investment Research cut shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, June 19th. Finally, TheStreet cut shares of Fox Factory from a “b-” rating to a “c+” rating in a report on Wednesday, April 1st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.20.

In related news, insider Wesley E. Allinger sold 6,265 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $71.61, for a total value of $448,636.65. Following the transaction, the insider now owns 42,169 shares of the company’s stock, valued at approximately $3,019,722.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

FOXF opened at $82.61 on Wednesday. The firm has a market cap of $3.29 billion, a P/E ratio of 38.78, a PEG ratio of 2.75 and a beta of 1.76. Fox Factory Holding Corp has a 1-year low of $34.58 and a 1-year high of $91.84. The company has a 50 day simple moving average of $74.30 and a two-hundred day simple moving average of $63.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.84 and a quick ratio of 1.71.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $184.40 million during the quarter, compared to the consensus estimate of $180.72 million. Fox Factory had a return on equity of 26.03% and a net margin of 10.75%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share. Equities analysts anticipate that Fox Factory Holding Corp will post 2.03 earnings per share for the current year.

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

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