Benjamin Edwards Inc. Has $279,000 Stake in Fox Factory Holding Corp. (NASDAQ:FOXF)

Benjamin Edwards Inc. increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 95.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,783 shares of the company’s stock after acquiring an additional 2,830 shares during the quarter. Benjamin Edwards Inc.’s holdings in Fox Factory were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FOXF. Dimensional Fund Advisors LP increased its stake 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 valued at $55,461,000 after acquiring an additional 12,474 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Fox Factory by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 162,319 shares of the company’s stock valued at $10,953,000 after acquiring an additional 1,640 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Fox Factory by 61.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,531 shares of the company’s stock valued at $441,000 after acquiring an additional 2,490 shares in the last quarter. Norges Bank bought a new stake in shares of Fox Factory in the 4th quarter valued at $31,429,000. Finally, Quest Partners LLC bought a new stake in shares of Fox Factory in the 4th quarter valued at $31,000.

Analysts Set New Price Targets

A number of analysts have commented on FOXF shares. B. Riley decreased their price target on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Bank of America decreased their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Robert W. Baird decreased their price target on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Truist Financial decreased their price target on Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.17.

Fox Factory Trading Down 0.8 %

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

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $348.49 million during the quarter, compared to the consensus estimate of $346.22 million. Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The business’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. On average, sell-side analysts anticipate that Fox Factory Holding Corp. will post 1.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael C. Dennison bought 4,800 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the completion of the purchase, the chief executive officer now directly owns 135,066 shares in the company, valued at $5,597,135.04. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.