Rhumbline Advisers decreased its position in Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,027 shares of the company’s stock after selling 1,074 shares during the quarter. Rhumbline Advisers owned 0.31% of Fox Factory worth $14,435,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its holdings in Fox Factory by 58.4% in the first quarter. Covestor Ltd now owns 358 shares of the company’s stock worth $35,000 after purchasing an additional 132 shares during the period. BOKF NA acquired a new position in shares of Fox Factory in the 1st quarter valued at about $56,000. Lazard Asset Management LLC bought a new stake in shares of Fox Factory during the 1st quarter valued at about $69,000. Captrust Financial Advisors raised its stake in Fox Factory by 167.5% during the first quarter. Captrust Financial Advisors now owns 840 shares of the company’s stock worth $82,000 after acquiring an additional 526 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Fox Factory in the first quarter worth about $118,000.
Analyst Ratings Changes
A number of brokerages have recently weighed in on FOXF. B. Riley reiterated a “neutral” rating and set a $80.00 price target (down from $125.00) on shares of Fox Factory in a research report on Friday, November 3rd. Truist Financial reiterated a “buy” rating and issued a $90.00 target price on shares of Fox Factory in a research note on Friday. Bank of America upped their price target on shares of Fox Factory from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Stifel Nicolaus downgraded shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Roth Mkm reduced their target price on shares of Fox Factory from $112.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.43.
Insider Buying and Selling at Fox Factory
In other news, insider Paul Stecher sold 2,300 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $107.00, for a total value of $246,100.00. Following the completion of the sale, the insider now owns 16,360 shares in the company, valued at $1,750,520. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.
Fox Factory Trading Up 0.6 %
Fox Factory stock opened at $61.40 on Monday. Fox Factory Holding Corp. has a 12-month low of $49.12 and a 12-month high of $127.54. The stock has a market capitalization of $2.60 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.40 and a beta of 1.80. The firm has a 50 day simple moving average of $86.02 and a 200-day simple moving average of $97.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.85 and a quick ratio of 2.07.
Fox Factory Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.
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