Segall Bryant & Hamill LLC acquired a new position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,472 shares of the company’s stock, valued at approximately $2,536,000. Segall Bryant & Hamill LLC owned approximately 0.14% of Fox Factory at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in Fox Factory by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 9,684 shares of the company’s stock worth $451,000 after purchasing an additional 1,327 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Fox Factory by 25.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 7,631 shares of the company’s stock worth $266,000 after acquiring an additional 1,568 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Fox Factory by 4.3% during the 1st quarter. New York State Common Retirement Fund now owns 39,100 shares of the company’s stock worth $1,365,000 after acquiring an additional 1,600 shares during the last quarter. Profund Advisors LLC grew its holdings in Fox Factory by 27.9% during the 1st quarter. Profund Advisors LLC now owns 7,435 shares of the company’s stock worth $259,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Fox Factory by 1.0% during the 1st quarter. Loomis Sayles & Co. L P now owns 159,862 shares of the company’s stock worth $5,579,000 after acquiring an additional 1,621 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

NASDAQ:FOXF opened at $64.75 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 2.18. Fox Factory Holding Corp has a 52 week low of $33.20 and a 52 week high of $68.30. The firm has a market capitalization of $2.43 billion, a PE ratio of 40.72, a PEG ratio of 1.83 and a beta of 0.69.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. Fox Factory had a net margin of 10.93% and a return on equity of 27.73%. The company had revenue of $156.80 million for the quarter, compared to analyst estimates of $146.72 million. During the same period in the prior year, the firm posted $0.39 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis. equities research analysts forecast that Fox Factory Holding Corp will post 2.09 earnings per share for the current year.

In other news, CFO Zvi Glasman sold 2,668 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $64.99, for a total value of $173,393.32. Following the sale, the chief financial officer now directly owns 40,567 shares of the company’s stock, valued at approximately $2,636,449.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Wesley E. Allinger sold 20,000 shares of the company’s stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the completion of the sale, the insider now directly owns 62,132 shares in the company, valued at $3,107,842.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,910 shares of company stock worth $4,021,160. Insiders own 5.60% of the company’s stock.

FOXF has been the topic of a number of research reports. Bank of America raised shares of Fox Factory from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, May 1st. BidaskClub raised shares of Fox Factory from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 22nd. Jefferies Financial Group initiated coverage on shares of Fox Factory in a report on Monday, July 16th. They set a “buy” rating and a $63.00 target price on the stock. Berenberg Bank initiated coverage on shares of Fox Factory in a report on Wednesday, June 20th. They set a “buy” rating and a $51.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $53.14.

Fox Factory Company 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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