Teachers Advisors LLC raised its holdings in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,471 shares of the company’s stock after purchasing an additional 4,633 shares during the period. Teachers Advisors LLC owned 0.19% of Fox Factory worth $5,077,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. raised its position in shares of Fox Factory by 2,026.5% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,403 shares of the company’s stock valued at $168,000 after acquiring an additional 2,290 shares during the period. Ibex Investors LLC bought a new stake in Fox Factory during the 3rd quarter worth approximately $200,000. Cim LLC bought a new stake in Fox Factory during the 3rd quarter worth approximately $247,000. HBK Sorce Advisory LLC bought a new stake in Fox Factory during the 3rd quarter worth approximately $260,000. Finally, Everence Capital Management Inc. bought a new stake in Fox Factory during the 3rd quarter worth approximately $264,000. Institutional investors own 97.79% of the company’s stock.
Shares of NASDAQ FOXF traded up $0.39 during mid-day trading on Friday, reaching $60.58. The company had a trading volume of 449,676 shares, compared to its average volume of 227,855. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 2.10. Fox Factory Holding Corp has a one year low of $33.20 and a one year high of $76.77. The stock has a market capitalization of $2.30 billion, a P/E ratio of 38.10, a PEG ratio of 1.38 and a beta of 1.08.
FOXF has been the subject of several research reports. Zacks Investment Research cut shares of Fox Factory from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine cut shares of Fox Factory from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 24th. BidaskClub cut shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Jefferies Financial Group raised their target price on shares of Fox Factory from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Bank of America downgraded Fox Factory from a “buy” rating to a “neutral” rating in a report on Friday, November 23rd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $63.83.
In other Fox Factory news, CFO Zvi Glasman sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $65.87, for a total value of $329,350.00. Following the completion of the transaction, the chief financial officer now owns 40,567 shares in the company, valued at approximately $2,672,148.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dudley W. Mendenhall sold 4,701 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $64.02, for a total value of $300,958.02. Following the transaction, the director now directly owns 7,225 shares in the company, valued at approximately $462,544.50. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
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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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