Invictus RG bought a new position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,134 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors also recently bought and sold shares of FOXF. C M Bidwell & Associates Ltd. increased its holdings in Fox Factory by 2,026.5% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,403 shares of the company’s stock valued at $168,000 after purchasing an additional 2,290 shares in the last quarter. Ibex Investors LLC acquired a new stake in Fox Factory during the 3rd quarter valued at $200,000. Cim LLC acquired a new stake in Fox Factory during the 3rd quarter valued at $247,000. Everence Capital Management Inc. acquired a new stake in Fox Factory during the 3rd quarter valued at $264,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Fox Factory during the 3rd quarter valued at $303,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

NASDAQ FOXF opened at $61.70 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of 31.71, a PEG ratio of 1.62 and a beta of 1.25. Fox Factory Holding Corp has a 52 week low of $33.20 and a 52 week high of $76.77. The company has a quick ratio of 1.19, a current ratio of 2.10 and a debt-to-equity ratio of 0.18.

Fox Factory (NASDAQ:FOXF) last released its earnings results on Wednesday, October 31st. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The company had revenue of $175.80 million during the quarter, compared to analysts’ expectations of $173.33 million. Fox Factory had a return on equity of 29.77% and a net margin of 11.43%. The business’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. As a group, equities research analysts expect that Fox Factory Holding Corp will post 2.2 EPS for the current year.

In related news, CEO Larry L. Enterline sold 22,401 shares of Fox Factory stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $70.14, for a total transaction of $1,571,206.14. Following the completion of the sale, the chief executive officer now directly owns 60,519 shares of the company’s stock, valued at $4,244,802.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Larry L. Enterline sold 90,000 shares of Fox Factory stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.82, for a total value of $6,193,800.00. Following the sale, the chief executive officer now directly owns 60,519 shares of the company’s stock, valued at $4,164,917.58. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

FOXF has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on Fox Factory from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 18th. Bank of America cut Fox Factory from a “buy” rating to a “neutral” rating in a report on Friday, November 23rd. They noted that the move was a valuation call. Robert W. Baird lifted their target price on Fox Factory from $58.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 14th. BidaskClub cut Fox Factory from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Jefferies Financial Group lifted their target price on Fox Factory from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.83.

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Fox Factory Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

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Institutional Ownership by Quarter for Fox Factory (NASDAQ:FOXF)

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