Macquarie Group Ltd. boosted its position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,173 shares of the company’s stock after buying an additional 7,238 shares during the period. Macquarie Group Ltd.’s holdings in Fox Factory were worth $3,080,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Fox Factory by 10.8% during the second quarter. BlackRock Inc. now owns 5,233,996 shares of the company’s stock worth $243,642,000 after buying an additional 511,948 shares during the period. Conestoga Capital Advisors LLC increased its position in Fox Factory by 6.5% during the second quarter. Conestoga Capital Advisors LLC now owns 1,896,466 shares of the company’s stock worth $88,280,000 after buying an additional 115,750 shares during the period. Van Berkom & Associates Inc. increased its position in Fox Factory by 11.7% during the second quarter. Van Berkom & Associates Inc. now owns 1,645,234 shares of the company’s stock worth $76,586,000 after buying an additional 172,070 shares during the period. Dimensional Fund Advisors LP increased its position in Fox Factory by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,338,548 shares of the company’s stock worth $46,715,000 after buying an additional 8,206 shares during the period. Finally, Janus Henderson Group PLC increased its position in Fox Factory by 5.0% during the second quarter. Janus Henderson Group PLC now owns 903,258 shares of the company’s stock worth $42,047,000 after buying an additional 42,919 shares during the period. 99.15% of the stock is currently owned by institutional investors.

Several research analysts have commented on FOXF shares. ValuEngine raised Fox Factory from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 3rd. 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. Bank of America lifted their price target on Fox Factory from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, June 14th. Finally, Jefferies Financial Group lifted their price target on Fox Factory from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Fox Factory has an average rating of “Buy” and an average price target of $56.86.

In other news, insider Wesley E. Allinger sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $50.02, for a total value of $1,000,400.00. Following the completion of the sale, the insider now owns 62,132 shares of the company’s stock, valued at $3,107,842.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Tutton sold 485 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $67.00, for a total value of $32,495.00. Following the completion of the sale, the insider now directly owns 35,000 shares of the company’s stock, valued at approximately $2,345,000. The disclosure for this sale can be found here. Insiders sold 215,216 shares of company stock valued at $13,888,570 in the last ninety days. Company insiders own 5.60% of the company’s stock.

FOXF stock opened at $70.00 on Friday. Fox Factory Holding Corp has a 12-month low of $33.20 and a 12-month high of $73.10. The company has a quick ratio of 1.20, a current ratio of 2.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 44.03, a PEG ratio of 1.99 and a beta of 0.82.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Wednesday, August 1st. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Fox Factory had a return on equity of 27.73% and a net margin of 10.93%. The company had revenue of $156.80 million during the quarter, compared to the consensus estimate of $146.72 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was up 29.8% compared to the same quarter last year. research analysts anticipate that Fox Factory Holding Corp will post 2.09 earnings per share for the current year.

About Fox Factory

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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