State of Alaska Department of Revenue cut its position in Fox Factory Holding Corp (NASDAQ:FOXF) by 81.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,070 shares of the company’s stock after selling 31,603 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fox Factory were worth $525,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FOXF. Blue Square Asset Management LLC bought a new position in shares of Fox Factory in the second quarter valued at $108,000. First Mercantile Trust Co. acquired a new stake in Fox Factory during the 2nd quarter valued at $149,000. Advisor Group Holdings Inc. acquired a new stake in Fox Factory during the 1st quarter valued at $153,000. Marco Investment Management LLC acquired a new stake in Fox Factory during the 2nd quarter valued at $219,000. Finally, Shelton Capital Management acquired a new stake in Fox Factory during the 2nd quarter valued at $228,000.

In related news, insider Christopher Tutton sold 1,128 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $109.00, for a total value of $122,952.00. Following the completion of the transaction, the insider now owns 25,734 shares of the company’s stock, valued at $2,805,006. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Larry L. Enterline sold 36,485 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $106.92, for a total value of $3,900,976.20. Following the completion of the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $1,381,085.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,388 shares of company stock valued at $11,812,677. 1.10% of the stock is owned by insiders.

FOXF opened at $87.21 on Friday. Fox Factory Holding Corp has a fifty-two week low of $34.58 and a fifty-two week high of $113.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.97 and a current ratio of 4.23. The company has a market capitalization of $3.61 billion, a P/E ratio of 46.89, a P/E/G ratio of 2.45 and a beta of 1.93. The stock has a fifty day moving average of $82.94 and a 200-day moving average of $75.73.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.22. The business had revenue of $183.10 million during the quarter, compared to the consensus estimate of $157.07 million. Fox Factory had a return on equity of 20.91% and a net margin of 9.53%. On average, equities research analysts predict that Fox Factory Holding Corp will post 2.57 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on FOXF shares. TheStreet raised Fox Factory from a “c+” rating to a “b-” rating in a report on Thursday, August 6th. William Blair reaffirmed a “market perform” rating on shares of Fox Factory in a report on Thursday, August 6th. Zacks Investment Research downgraded Fox Factory from a “buy” rating to a “hold” rating in a report on Wednesday, October 7th. CJS Securities raised Fox Factory from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 22nd. Finally, BidaskClub downgraded Fox Factory from a “hold” rating to a “sell” rating in a report on Friday, September 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $86.20.

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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