Insider Selling: Fox Factory Holding Corp (FOXF) CFO Sells $595,800.00 in Stock

Fox Factory Holding Corp (NASDAQ:FOXF) CFO Zvi Glasman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $39.72, for a total value of $595,800.00. Following the completion of the transaction, the chief financial officer now owns 64,100 shares of the company’s stock, valued at $2,546,052. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Fox Factory Holding Corp (NASDAQ FOXF) opened at $39.65 on Monday. The company has a market capitalization of $1,488.54, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.87 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 1.41. Fox Factory Holding Corp has a 12 month low of $25.25 and a 12 month high of $46.80.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Fox Factory by 11.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock worth $285,055,000 after purchasing an additional 686,881 shares in the last quarter. BlackRock Inc. raised its stake in shares of Fox Factory by 15.2% during the 2nd quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock worth $144,512,000 after purchasing an additional 536,712 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Fox Factory by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock worth $64,377,000 after purchasing an additional 129,129 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fox Factory by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,306,088 shares of the company’s stock worth $56,292,000 after purchasing an additional 10,299 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Fox Factory by 187.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock worth $49,330,000 after purchasing an additional 746,191 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

FOXF has been the subject of several research analyst reports. ValuEngine upgraded Fox Factory from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Bank of America boosted their price objective on Fox Factory from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and issued a $36.00 target price on shares of Fox Factory in a research note on Friday, October 20th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Fox Factory in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Fox Factory currently has a consensus rating of “Hold” and an average target price of $39.29.

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About Fox Factory

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.

Insider Buying and Selling by Quarter for Fox Factory (NASDAQ:FOXF)

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