BidaskClub downgraded shares of Fox Factory (NASDAQ:FOXF) from a sell rating to a strong sell rating in a report issued on Monday morning.

FOXF has been the topic of a number of other research reports. Zacks Investment Research lowered Fox Factory from a buy rating to a hold rating in a research note on Friday, October 20th. Stifel Nicolaus reiterated a hold rating and issued a $44.00 target price on shares of Fox Factory in a research report on Sunday, December 3rd. Bank of America upped their target price on Fox Factory from $42.00 to $45.00 and gave the company a neutral rating in a research report on Tuesday, October 24th. SunTrust Banks reiterated a hold rating and issued a $36.00 target price on shares of Fox Factory in a research report on Friday, October 20th. Finally, ValuEngine lowered Fox Factory from a buy rating to a hold rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Fox Factory presently has an average rating of Hold and a consensus target price of $39.43.

Shares of Fox Factory (NASDAQ:FOXF) opened at $38.05 on Monday. Fox Factory has a 52 week low of $25.74 and a 52 week high of $46.80. The firm has a market capitalization of $1,383.42, a PE ratio of 24.24, a PEG ratio of 1.45 and a beta of 0.56. The company has a current ratio of 2.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26.

In related news, CEO Larry L. Enterline sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $38.08, for a total value of $2,856,000.00. Following the sale, the chief executive officer now owns 124,934 shares in the company, valued at $4,757,486.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zvi Glasman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $39.72, for a total value of $595,800.00. Following the completion of the sale, the chief financial officer now owns 64,100 shares in the company, valued at approximately $2,546,052. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,000 shares of company stock worth $3,845,500. 21.40% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in FOXF. Neuberger Berman Group LLC lifted its holdings in Fox Factory by 187.3% in the third quarter. Neuberger Berman Group LLC now owns 1,144,537 shares of the company’s stock valued at $49,330,000 after acquiring an additional 746,191 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Fox Factory by 11.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,613,788 shares of the company’s stock valued at $285,055,000 after acquiring an additional 686,881 shares during the period. Mawer Investment Management Ltd. acquired a new position in Fox Factory in the third quarter valued at approximately $24,843,000. BlackRock Inc. lifted its holdings in Fox Factory by 15.2% in the second quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock valued at $144,512,000 after acquiring an additional 536,712 shares during the period. Finally, KAMES CAPITAL plc lifted its holdings in Fox Factory by 80.2% in the fourth quarter. KAMES CAPITAL plc now owns 845,467 shares of the company’s stock valued at $32,804,000 after acquiring an additional 376,364 shares during the period. 98.70% of the stock is owned by institutional investors.

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Fox Factory Company Profile

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including 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.

Analyst Recommendations for Fox Factory (NASDAQ:FOXF)

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