Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 45.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,068 shares of the company’s stock after selling 4,976 shares during the quarter. American Century Companies Inc.’s holdings in Fox Factory were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC grew its stake in shares of Fox Factory by 3,378.1% during the 1st quarter. Norden Group LLC now owns 286,420 shares of the company’s stock worth $14,914,000 after purchasing an additional 278,185 shares during the period. Sei Investments Co. grew its stake in Fox Factory by 6.9% in the 1st quarter. Sei Investments Co. now owns 223,173 shares of the company’s stock valued at $11,621,000 after acquiring an additional 14,328 shares during the last quarter. Vanguard Group Inc. grew its stake in Fox Factory by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,242,423 shares of the company’s stock valued at $286,279,000 after acquiring an additional 46,132 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in Fox Factory in the 2nd quarter valued at about $626,000. Finally, SG Americas Securities LLC acquired a new stake in Fox Factory in the 1st quarter valued at about $612,000.

Insider Transactions at Fox Factory

In related news, CEO Michael C. Dennison acquired 4,800 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 135,066 shares in the company, valued at approximately $5,597,135.04. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Fox Factory Trading Up 2.8 %

Shares of FOXF stock opened at $40.42 on Friday. The firm has a market cap of $1.68 billion, a P/E ratio of 22.70, a PEG ratio of 2.92 and a beta of 1.64. Fox Factory Holding Corp. has a 1-year low of $34.56 and a 1-year high of $97.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63. The firm’s 50-day simple moving average is $41.42 and its 200-day simple moving average is $44.58.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data 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. The business had revenue of $348.49 million for the quarter, compared to analyst estimates of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The company’s revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. As a group, equities analysts forecast that Fox Factory Holding Corp. will post 1.56 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on FOXF shares. B. Riley lowered their price objective 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, August 2nd. 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 note on Friday, August 2nd. Bank of America reduced 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. Finally, Truist Financial reduced their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.17.

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.