Bank of New York Mellon Corp boosted its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 456,397 shares of the company’s stock after acquiring an additional 2,638 shares during the period. Bank of New York Mellon Corp owned 1.08% of Fox Factory worth $36,090,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. AlphaCrest Capital Management LLC purchased a new position in shares of Fox Factory in the 3rd quarter valued at approximately $211,000. Segall Bryant & Hamill LLC raised its holdings in shares of Fox Factory by 7.4% in the third quarter. Segall Bryant & Hamill LLC now owns 155,592 shares of the company’s stock worth $12,311,000 after buying an additional 10,747 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Fox Factory by 0.6% during the third quarter. Royal Bank of Canada now owns 408,766 shares of the company’s stock worth $32,325,000 after buying an additional 2,498 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Fox Factory during the third quarter valued at $158,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Fox Factory by 89.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 78,827 shares of the company’s stock valued at $6,234,000 after acquiring an additional 37,274 shares during the period. 98.71% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Michael C. Dennison sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $115.00, for a total value of $862,500.00. Following the completion of the sale, the chief executive officer now directly owns 62,701 shares in the company, valued at $7,210,615. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.
Analyst Ratings Changes
Fox Factory Price Performance
NASDAQ:FOXF opened at $114.86 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.08 and a quick ratio of 1.73. The company has a 50 day moving average price of $113.89 and a 200-day moving average price of $99.42. Fox Factory Holding Corp. has a 1-year low of $69.28 and a 1-year high of $127.54. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.91 and a beta of 1.85.
Fox Factory (NASDAQ:FOXF – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.22 by $0.21. Fox Factory had a net margin of 12.81% and a return on equity of 22.55%. The company had revenue of $408.60 million for the quarter, compared to analyst estimates of $383.86 million. During the same quarter last year, the business earned $1.06 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. Equities research analysts forecast that Fox Factory Holding Corp. will post 5.33 EPS for the current year.
Fox Factory Profile
Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and 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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