Bridges Investment Management Inc. Buys Shares of 11,077 Fox Factory Holding Corp. (NASDAQ:FOXF)

Bridges Investment Management Inc. bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,077 shares of the company’s stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Fox Factory by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock valued at $232,793,000 after purchasing an additional 228,339 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Fox Factory by 0.6% during the first quarter. Clearbridge Investments LLC now owns 1,230,987 shares of the company’s stock valued at $64,097,000 after purchasing an additional 7,468 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Fox Factory during the second quarter valued at approximately $53,294,000. Van Berkom & Associates Inc. grew its holdings in shares of Fox Factory by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock valued at $44,019,000 after buying an additional 13,936 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Fox Factory by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,862 shares of the company’s stock valued at $55,461,000 after buying an additional 12,474 shares during the last quarter.

Fox Factory Trading Down 0.8 %

Shares of FOXF stock opened at $43.01 on Friday. Fox Factory Holding Corp. has a 12-month low of $34.56 and a 12-month high of $100.82. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $42.74 and its 200 day moving average is $45.08. The stock has a market capitalization of $1.79 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.48 and a beta of 1.63.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The business had revenue of $348.49 million for the quarter, compared to the consensus estimate of $346.22 million. During the same period last year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was down 13.0% on a year-over-year basis. Research analysts expect that Fox Factory Holding Corp. will post 1.56 earnings per share for the current year.

Insiders Place Their Bets

In other Fox Factory news, CEO Michael C. Dennison purchased 4,800 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the completion of the transaction, the chief executive officer now owns 135,066 shares of the company’s stock, valued at $5,597,135.04. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FOXF shares. Truist Financial cut their price target on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. B. Riley cut their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Robert W. Baird cut their price target on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Bank of America dropped their target price on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.17.

About Fox Factory

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.