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

Fox Factory Holding Corp. (NASDAQ:FOXF) Director Elizabeth A. Fetter purchased 600 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $34.03 per share, with a total value of $20,418.00. Following the transaction, the director now directly owns 7,873 shares of the company’s stock, valued at approximately $267,918.19. The trade was a 8.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Fox Factory Stock Down 5.0 %

NASDAQ FOXF traded down $1.66 during trading on Tuesday, reaching $31.73. 1,121,052 shares of the company’s stock were exchanged, compared to its average volume of 592,956. 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 fifty-two week low of $30.92 and a fifty-two week high of $70.13. The company’s fifty day simple moving average is $37.67 and its 200-day simple moving average is $42.35. The firm has a market capitalization of $1.32 billion, a PE ratio of 121.31, a P/E/G ratio of 2.64 and a beta of 1.65.

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

Institutional Investors Weigh In On Fox Factory

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Fox Factory by 25,005.1% in the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company’s stock worth $76,388,000 after acquiring an additional 1,578,822 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Fox Factory in the 2nd quarter valued at $53,294,000. Vanguard Group Inc. boosted its holdings in Fox Factory by 5.4% in the first 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 in the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in Fox Factory during the third quarter worth $5,743,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in Fox Factory by 25.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after buying an additional 135,542 shares in the last quarter.

Analysts Set New Price Targets

FOXF has been the subject of several recent analyst reports. Bank of America decreased their price target on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Truist Financial decreased their target price on shares of Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Robert W. Baird dropped their price target on shares of Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. B. Riley decreased their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Roth Mkm lowered their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.50.

Fox Factory Company Profile

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.