Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Acquired by Creative Planning

Creative Planning raised its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 117.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,053 shares of the company’s stock after purchasing an additional 4,890 shares during the period. Creative Planning’s holdings in Fox Factory were worth $436,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Fifth Third Bancorp increased its holdings 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 during the last quarter. Covestor Ltd increased its position in Fox Factory by 31.8% during the 1st 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. CWM LLC raised its holdings in Fox Factory by 34.3% in the second quarter. CWM LLC now owns 2,222 shares of the company’s stock valued at $107,000 after buying an additional 567 shares during the period. Nisa Investment Advisors LLC lifted its position in Fox Factory by 37.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,318 shares of the company’s stock valued at $112,000 after buying an additional 635 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Fox Factory by 734.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,654 shares of the company’s stock worth $128,000 after buying an additional 2,336 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FOXF shares. Robert W. Baird dropped their price target 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. B. Riley dropped 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. Truist Financial decreased their price objective on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Bank of America cut their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.17.

Insiders Place Their Bets

In other Fox Factory news, CEO Michael C. Dennison purchased 4,800 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $41.44 per share, with a total value of $198,912.00. Following the completion of the transaction, the chief executive officer now owns 135,066 shares in the company, valued at $5,597,135.04. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Fox Factory Price Performance

Shares of Fox Factory stock opened at $39.59 on Wednesday. Fox Factory Holding Corp. has a 1-year low of $34.56 and a 1-year high of $96.06. The firm’s 50-day moving average price is $40.10 and its two-hundred day moving average price is $43.96. 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 stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.67 and a beta of 1.64.

Fox Factory (NASDAQ:FOXF) last released its earnings results 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 company had revenue of $348.49 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. On average, equities analysts predict that Fox Factory Holding Corp. will post 1.56 earnings per share for the current fiscal year.

Fox Factory 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.