Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 42.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,753 shares of the company’s stock after selling 9,477 shares during the period. Amalgamated Bank’s holdings in Fox Factory were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in shares of Fox Factory by 26.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 shares in the last quarter. Covestor Ltd raised its holdings in Fox Factory by 31.8% during the first quarter. Covestor Ltd now owns 1,518 shares of the company’s stock worth $79,000 after purchasing an additional 366 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Fox Factory by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 37,006 shares of the company’s stock worth $1,927,000 after purchasing an additional 395 shares during the period. ProShare Advisors LLC boosted its stake in Fox Factory by 4.7% during the 1st quarter. ProShare Advisors LLC now owns 9,737 shares of the company’s stock valued at $507,000 after purchasing an additional 440 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Fox Factory during the 4th quarter valued at $31,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. 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. Truist Financial reduced their price objective on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. B. Riley reduced 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 report on Friday, August 2nd. Finally, Robert W. Baird lowered their price objective on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.17.

Fox Factory Price Performance

NASDAQ FOXF opened at $41.81 on Friday. The company has a 50 day simple moving average of $42.01 and a 200-day simple moving average of $44.77. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.63. Fox Factory Holding Corp. has a 52-week low of $34.56 and a 52-week high of $100.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63.

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

Insider Transactions at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison acquired 4,800 shares of Fox Factory stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $41.44 per share, with a total value of $198,912.00. Following the purchase, the chief executive officer now owns 135,066 shares in the company, valued at $5,597,135.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

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.