Todays Report: Today, Alps Advisors Inc. reaches $438,000 position of Fox Factory Holding Corp. (FOXF)

Today, Alps Advisors Inc. reaches $438,000 position  of Fox Factory Holding Corp. (FOXF)

Alps Advisors Inc. reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 25,221 shares of the company’s stock after selling 1,856 shares during the period. Alps Advisors Inc.’s holdings in Fox Factory Holding Corp. were worth $438,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Fox Factory Holding Corp. by 3.2% in the first quarter. Geode Capital Management LLC now owns 140,398 shares of the company’s stock valued at $2,219,000 after buying an additional 4,355 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Fox Factory Holding Corp. during the second quarter valued at approximately $147,000. Boothbay Fund Management LLC acquired a new stake in shares of Fox Factory Holding Corp. during the first quarter valued at approximately $238,000. GW&K Investment Management LLC raised its stake in shares of Fox Factory Holding Corp. by 14.1% in the second quarter. GW&K Investment Management LLC now owns 168,234 shares of the company’s stock valued at $2,922,000 after buying an additional 20,734 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Fox Factory Holding Corp. by 13.5% in the first quarter. State Street Corp now owns 199,635 shares of the company’s stock valued at $3,158,000 after buying an additional 23,814 shares during the last quarter. 57.23% of the stock is currently owned by institutional investors.

Fox Factory Holding Corp. (NASDAQ:FOXF) traded down 1.33% during trading on Thursday, hitting $22.34. The stock had a trading volume of 130,069 shares. Fox Factory Holding Corp. has a 12-month low of $13.85 and a 12-month high of $23.52. The firm has a market cap of $818.78 million, a P/E ratio of 28.64 and a beta of 0.55. The stock’s 50 day moving average price is $21.07 and its 200 day moving average price is $18.28.

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

Several analysts have commented on the company. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, August 5th. DA Davidson raised their price objective on Fox Factory Holding Corp. from $22.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $23.00 price objective (up from $21.00) on shares of Fox Factory Holding Corp. in a report on Thursday, August 4th. SunTrust Banks Inc. raised their price objective on Fox Factory Holding Corp. from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Jefferies Group assumed coverage on Fox Factory Holding Corp. in a report on Friday, September 30th. They issued a “buy” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target 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 stock was sold at an average price of $20.12, for a total transaction of $603,600.00. Following the completion of the sale, the chief financial officer now directly owns 62,021 shares of the company’s stock, valued at approximately $1,247,862.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 46.20% of the company’s stock.

Fox Factory Holding Corp. Company Profile

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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