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

Posted by Defense World Staff on Aug 29th, 2023

American Century Companies Inc. decreased its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 12.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,137 shares of the company’s stock after selling 38,628 shares during the quarter. American Century Companies Inc. owned about 0.65% of Fox Factory worth $33,455,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. OLD Mission Capital LLC purchased a new position in shares of Fox Factory in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC raised its position in shares of Fox Factory by 2,515.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 340 shares of the company’s stock worth $31,000 after buying an additional 327 shares during the period. Covestor Ltd raised its position in shares of Fox Factory by 58.4% in the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock worth $35,000 after buying an additional 132 shares during the period. CWM LLC raised its position in shares of Fox Factory by 63.5% in the 4th quarter. CWM LLC now owns 425 shares of the company’s stock worth $39,000 after buying an additional 165 shares during the period. Finally, Benjamin Edwards Inc. raised its position in shares of Fox Factory by 138.0% in the 1st quarter. Benjamin Edwards Inc. now owns 614 shares of the company’s stock worth $75,000 after buying an additional 356 shares during the period.

Fox Factory Stock Up 1.1 %

Shares of NASDAQ FOXF opened at $106.93 on Tuesday. Fox Factory Holding Corp. has a 1 year low of $73.05 and a 1 year high of $127.54. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.02 and a beta of 1.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.37 and a current ratio of 4.08. The stock’s 50-day simple moving average is $107.84 and its 200-day simple moving average is $108.62.

Fox Factory (NASDAQ:FOXF – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. The business had revenue of $400.72 million for the quarter, compared to analyst estimates of $401.67 million. Fox Factory had a return on equity of 19.41% and a net margin of 11.45%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 earnings per share. As a group, equities analysts anticipate that Fox Factory Holding Corp. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael C. Dennison sold 9,129 shares of Fox Factory stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $114.00, for a total value of $1,040,706.00. Following the completion of the transaction, the chief executive officer now directly owns 70,795 shares in the company, valued at $8,070,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael C. Dennison sold 9,129 shares of Fox Factory stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $114.00, for a total value of $1,040,706.00. Following the completion of the transaction, the chief executive officer now directly owns 70,795 shares in the company, valued at $8,070,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $215,183.18. Following the completion of the transaction, the insider now owns 13,242 shares of the company’s stock, valued at $1,250,309.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,066 shares of company stock worth $1,314,122. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FOXF has been the topic of several research reports. B. Riley initiated coverage on Fox Factory in a research report on Wednesday, June 28th. They issued a “buy” rating and a $125.00 target price on the stock. StockNews.com initiated coverage on Fox Factory in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America raised their price objective on Fox Factory from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, TheStreet lowered Fox Factory from a “b” rating to a “c+” rating in a research report on Thursday, May 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.43.

Read Our Latest Research Report on FOXF

About Fox Factory

(Free Report)

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.