State of Tennessee Treasury Department cut its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,362 shares of the company’s stock after selling 1,919 shares during the quarter. State of Tennessee Treasury Department owned 0.08% of Fox Factory Holding Corp. worth $1,309,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System bought a new stake in shares of Fox Factory Holding Corp. in the 3rd quarter valued at about $230,000. Concorde Asset Management LLC increased its stake in shares of Fox Factory Holding Corp. by 72.4% in the 3rd quarter. Concorde Asset Management LLC now owns 29,066 shares of the company’s stock valued at $1,253,000 after acquiring an additional 12,209 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Fox Factory Holding Corp. by 7.8% in the 3rd quarter. New York State Teachers Retirement System now owns 19,374 shares of the company’s stock valued at $835,000 after acquiring an additional 1,400 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Fox Factory Holding Corp. in the 3rd quarter valued at about $408,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Fox Factory Holding Corp. in the 3rd quarter valued at about $537,000. 97.47% of the stock is owned by institutional investors.

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A number of brokerages have recently commented on FOXF. Zacks Investment Research cut Fox Factory Holding Corp. from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Fox Factory Holding Corp. in a research note on Wednesday, November 1st. Bank of America Corporation upped their price target on Fox Factory Holding Corp. from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $36.00 price target on shares of Fox Factory Holding Corp. in a research note on Friday, October 20th. Finally, William Blair cut Fox Factory Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.29.

Shares of Fox Factory Holding Corp. (FOXF) opened at $38.25 on Thursday. Fox Factory Holding Corp. has a 52 week low of $24.15 and a 52 week high of $46.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 2.48. The stock has a market capitalization of $1,437.86, a P/E ratio of 25.20, a P/E/G ratio of 1.81 and a beta of 0.68.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its earnings results on Wednesday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Fox Factory Holding Corp. had a return on equity of 28.25% and a net margin of 10.76%. The business had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $123.02 million. During the same period in the prior year, the business earned $0.44 EPS. Fox Factory Holding Corp.’s revenue for the quarter was up 16.9% compared to the same quarter last year. analysts anticipate that Fox Factory Holding Corp. will post 1.53 earnings per share for the current year.

In related news, SVP William H. Katherman sold 18,580 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $42.01, for a total transaction of $780,545.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.40% of the stock is currently owned by corporate insiders.

About Fox Factory Holding Corp.

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.

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

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