The 3,460 Shares of Fox Factory Holding Corp. (FOXF) are sold by Rice Hall James & Associates LLC

The 3,460 Shares of Fox Factory Holding Corp. (FOXF) are sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,118 shares of the company’s stock after selling 3,460 shares during the period. Rice Hall James & Associates LLC’s holdings in Fox Factory Holding Corp. were worth $2,503,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FOXF. Bank of Montreal Can purchased a new position in Fox Factory Holding Corp. during the second quarter worth approximately $147,000. Boothbay Fund Management LLC purchased a new position in Fox Factory Holding Corp. during the first quarter worth approximately $238,000. Stoneridge Investment Partners LLC purchased a new position in Fox Factory Holding Corp. during the second quarter worth approximately $499,000. UBS Group AG raised its position in Fox Factory Holding Corp. by 4,602.3% in the first quarter. UBS Group AG now owns 42,321 shares of the company’s stock worth $669,000 after buying an additional 41,421 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Fox Factory Holding Corp. by 195.6% in the first quarter. Renaissance Technologies LLC now owns 85,300 shares of the company’s stock worth $1,349,000 after buying an additional 56,445 shares in the last quarter. 57.23% of the stock is owned by hedge funds and other institutional investors.

Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 0.54% during midday trading on Friday, hitting $22.22. 218,424 shares of the company traded hands. The stock’s 50-day moving average is $21.07 and its 200-day moving average is $18.28. The firm has a market capitalization of $814.39 million, a PE ratio of 28.49 and a beta of 0.55. Fox Factory Holding Corp. has a 12-month low of $13.85 and a 12-month high of $23.52.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Fox Factory Holding Corp. had a net margin of 7.70% and a return on equity of 27.62%. The business had revenue of $102.30 million for the quarter, compared to analyst estimates of $98.53 million. During the same period in the prior year, the business posted $0.26 earnings per share. Fox Factory Holding Corp.’s revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Fox Factory Holding Corp. will post $1.15 EPS for the current fiscal year.

FOXF has been the subject of a number of recent analyst reports. Jefferies Group initiated coverage on shares of Fox Factory Holding Corp. in a research note on Friday, September 30th. They issued a “buy” rating and a $26.00 price objective for the company. Zacks Investment Research raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Friday, August 5th. SunTrust Banks Inc. lifted their target price on shares of Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. DA Davidson lifted their target price on shares of Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $23.00 target price (up previously from $21.00) on shares of Fox Factory Holding Corp. in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $23.60.

In other Fox Factory Holding Corp. news, CFO Zvi Glasman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $20.12, for a total value of $603,600.00. Following the completion of the sale, the chief financial officer now owns 62,021 shares of the company’s stock, valued at $1,247,862.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.20% of the stock is currently owned by company insiders.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance ride dynamics products for customers across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (Side-by-Sides), on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

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