SG Americas Securities LLC reduced its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 47.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,317 shares of the company’s stock after selling 18,667 shares during the period. SG Americas Securities LLC’s holdings in Fox Factory were worth $2,466,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of FOXF. Louisiana State Employees Retirement System grew its holdings in shares of Fox Factory by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the company’s stock worth $1,031,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its stake in Fox Factory by 0.9% during the fourth quarter. State of Michigan Retirement System now owns 10,789 shares of the company’s stock worth $984,000 after buying an additional 100 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Fox Factory by 4.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,610 shares of the company’s stock valued at $238,000 after buying an additional 104 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Fox Factory by 4.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,610 shares of the company’s stock valued at $238,000 after buying an additional 104 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Fox Factory by 1.1% during the 2nd quarter. LPL Financial LLC now owns 9,617 shares of the company’s stock worth $806,000 after acquiring an additional 105 shares during the period.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on FOXF. Roth Capital reissued a “neutral” rating on shares of Fox Factory in a research report on Tuesday, April 4th. B. Riley initiated coverage on Fox Factory in a research report on Wednesday, June 28th. They set a “buy” rating and a $125.00 target price for the company. Roth Mkm began coverage on Fox Factory in a research report on Wednesday, April 5th. They issued a “neutral” rating and a $126.00 price target on the stock. TheStreet cut Fox Factory from a “b” rating to a “c+” rating in a report on Thursday, May 18th. Finally, StockNews.com initiated coverage on shares of Fox Factory in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.33.
Fox Factory Trading Down 1.2 %
Fox Factory (NASDAQ:FOXF – Get Free Report) last posted its quarterly earnings data on Thursday, May 4th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02. Fox Factory had a return on equity of 20.99% and a net margin of 12.25%. The firm had revenue of $399.90 million for the quarter, compared to the consensus estimate of $393.85 million. During the same quarter in the prior year, the business earned $1.32 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Fox Factory Holding Corp. will post 5.17 earnings per share for the current fiscal year.
Insider Buying and Selling at Fox Factory
In other news, insider Christopher Tutton sold 2,279 shares of Fox Factory stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $94.42, for a total transaction of $215,183.18. Following the completion of the sale, the insider now owns 13,242 shares in the company, valued at approximately $1,250,309.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Thomas L. Fletcher sold 658 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $88.50, for a total value of $58,233.00. Following the completion of the sale, the insider now owns 6,142 shares in the company, valued at $543,567. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Tutton sold 2,279 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $94.42, for a total value of $215,183.18. Following the transaction, the insider now owns 13,242 shares in the company, valued at approximately $1,250,309.64. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Fox Factory Company Profile
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and 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.
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