Fox Factory Holding Corp. (NASDAQ:FOXF) Director Elizabeth A. Fetter Acquires 600 Shares of Stock

Fox Factory Holding Corp. (NASDAQ:FOXF) Director Elizabeth A. Fetter purchased 600 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $34.03 per share, for a total transaction of $20,418.00. Following the purchase, the director now owns 7,873 shares in the company, valued at $267,918.19. This represents a 8.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Fox Factory Trading Down 5.0 %

Shares of NASDAQ:FOXF opened at $31.73 on Wednesday. The stock has a 50 day moving average of $37.67 and a 200 day moving average of $42.35. The company has a market cap of $1.32 billion, a PE ratio of 122.04, a price-to-earnings-growth ratio of 2.72 and a beta of 1.65. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62. Fox Factory Holding Corp. has a 12-month low of $30.92 and a 12-month high of $70.13.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $359.10 million for the quarter, compared to the consensus estimate of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. As a group, equities research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wesbanco Bank Inc. bought a new position in Fox Factory in the 2nd quarter worth approximately $626,000. Jane Street Group LLC boosted its stake in Fox Factory by 173.7% in the 1st quarter. Jane Street Group LLC now owns 181,873 shares of the company’s stock worth $9,470,000 after purchasing an additional 115,432 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Fox Factory by 25.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock worth $32,483,000 after purchasing an additional 135,542 shares during the period. Victory Capital Management Inc. boosted its stake in Fox Factory by 223.3% in the 2nd quarter. Victory Capital Management Inc. now owns 42,119 shares of the company’s stock worth $2,030,000 after purchasing an additional 29,092 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Fox Factory by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock worth $232,793,000 after purchasing an additional 228,339 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FOXF. B. Riley decreased their target price on Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Robert W. Baird decreased their target price on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Bank of America decreased their target price on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Truist Financial decreased their target price on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Roth Mkm decreased their target price on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.50.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.