Vanguard Group Inc. Grows Holdings in Fox Factory Holding Corp. (NASDAQ:FOXF)

Vanguard Group Inc. lifted its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,242,423 shares of the company’s stock after buying an additional 46,132 shares during the quarter. Vanguard Group Inc. owned approximately 10.11% of Fox Factory worth $286,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Conestoga Capital Advisors LLC grew its position in shares of Fox Factory by 0.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,134,439 shares of the company’s stock worth $76,552,000 after buying an additional 3,935 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Fox Factory by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,862 shares of the company’s stock worth $55,461,000 after buying an additional 12,474 shares during the period. Norges Bank purchased a new stake in shares of Fox Factory in the 4th quarter worth about $31,429,000. Charles Schwab Investment Management Inc. boosted its stake in Fox Factory by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 421,003 shares of the company’s stock worth $28,409,000 after purchasing an additional 16,542 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Fox Factory by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 362,662 shares of the company’s stock worth $35,933,000 after purchasing an additional 4,309 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Roth Mkm dropped their price target on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Truist Financial upped their price target 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. Stifel Nicolaus dropped their price target on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Finally, B. Riley lowered their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.67.

Insider Transactions at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison acquired 11,250 shares of the stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $44.30 per share, for a total transaction of $498,375.00. Following the purchase, the chief executive officer now directly owns 130,266 shares of the company’s stock, valued at $5,770,783.80. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Fox Factory news, CEO Michael C. Dennison acquired 11,250 shares of the stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $44.30 per share, for a total transaction of $498,375.00. Following the purchase, the chief executive officer now directly owns 130,266 shares of the company’s stock, valued at $5,770,783.80. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas L. Fletcher sold 2,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was 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 owns 11,311 shares in the company, valued at approximately $502,321.51. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Fox Factory Price Performance

FOXF opened at $48.19 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 3.43. The stock has a market capitalization of $2.01 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.03 and a beta of 1.71. The company’s 50-day simple moving average is $45.41 and its two-hundred day simple moving average is $53.57. Fox Factory Holding Corp. has a 52-week low of $37.98 and a 52-week high of $117.68.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The firm had revenue of $333.50 million for the quarter, compared to analysts’ expectations of $327.58 million. During the same quarter in the prior year, the business earned $1.20 EPS. The business’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, analysts predict that Fox Factory Holding Corp. will post 2.4 EPS for the current year.

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.