Diversify Advisory Services LLC Takes $251,000 Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Diversify Advisory Services LLC acquired a new position in shares of Fox Factory Holding Corp. (NASDAQ:FOXFFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,806 shares of the company’s stock, valued at approximately $251,000.

A number of other institutional investors have also recently bought and sold shares of FOXF. Mariner LLC grew its stake in Fox Factory by 5.1% in the third quarter. Mariner LLC now owns 4,491 shares of the company’s stock valued at $445,000 after acquiring an additional 216 shares during the period. Sei Investments Co. grew its position in shares of Fox Factory by 5.6% in the 3rd quarter. Sei Investments Co. now owns 231,576 shares of the company’s stock valued at $22,945,000 after purchasing an additional 12,305 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Fox Factory by 12.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,051 shares of the company’s stock valued at $5,058,000 after purchasing an additional 5,587 shares during the period. Comerica Bank bought a new stake in Fox Factory during the 3rd quarter worth approximately $10,089,000. Finally, Deutsche Bank AG raised its holdings in Fox Factory by 4.0% during the 3rd quarter. Deutsche Bank AG now owns 75,014 shares of the company’s stock worth $7,432,000 after buying an additional 2,910 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Truist Financial upped their target price on shares of Fox Factory from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. B. Riley dropped their price target on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus reduced their price objective on Fox Factory from $56.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Finally, Roth Mkm decreased their price objective on Fox Factory from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.67.

Check Out Our Latest Analysis on FOXF

Fox Factory Trading Down 5.0 %

Fox Factory stock opened at $46.00 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.43 and a quick ratio of 1.85. The firm has a 50-day moving average of $46.17 and a 200-day moving average of $52.86. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.95 and a beta of 1.66. Fox Factory Holding Corp. has a one year low of $37.98 and a one year high of $117.68.

Fox Factory (NASDAQ:FOXFGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The firm had revenue of $333.50 million during the quarter, compared to analysts’ expectations of $327.58 million. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. During the same period in the prior year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, equities analysts expect that Fox Factory Holding Corp. will post 2.4 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael C. Dennison bought 11,250 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of $44.30 per share, for a total transaction of $498,375.00. Following the purchase, the chief executive officer now owns 130,266 shares of the company’s stock, valued at approximately $5,770,783.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fox Factory news, insider Thomas L. Fletcher sold 2,000 shares of Fox Factory stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.41, for a total transaction of $88,820.00. Following the completion of the transaction, the insider now directly owns 11,311 shares of the company’s stock, valued at $502,321.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael C. Dennison acquired 11,250 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was bought at an average price of $44.30 per share, for a total transaction of $498,375.00. Following the completion of the acquisition, the chief executive officer now owns 130,266 shares of the company’s stock, valued at $5,770,783.80. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

About Fox Factory

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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