U S Global Investors Inc acquired a new position in shares of Fox Factory Holding Corp (NASDAQ:FOXF) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,500 shares of the company’s stock, valued at approximately $1,086,000.

Other large investors also recently bought and sold shares of the company. Cim LLC purchased a new position in Fox Factory in the 3rd quarter valued at approximately $247,000. Everence Capital Management Inc. purchased a new position in Fox Factory in the 3rd quarter valued at approximately $264,000. Harvest Fund Management Co. Ltd purchased a new position in Fox Factory in the 3rd quarter valued at approximately $303,000. Brookstone Capital Management purchased a new position in Fox Factory in the 3rd quarter valued at approximately $333,000. Finally, Amalgamated Bank purchased a new position in Fox Factory in the 2nd quarter valued at approximately $274,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Zvi Glasman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $67.96, for a total value of $1,359,200.00. Following the sale, the chief financial officer now directly owns 40,567 shares in the company, valued at approximately $2,756,933.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Larry L. Enterline sold 90,000 shares of Fox Factory stock in a transaction on Friday, September 14th. The stock was sold at an average price of $68.82, for a total transaction of $6,193,800.00. Following the sale, the chief executive officer now owns 60,519 shares in the company, valued at $4,164,917.58. The disclosure for this sale can be found here. Insiders sold a total of 132,401 shares of company stock worth $9,124,206 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Shares of FOXF opened at $63.25 on Wednesday. Fox Factory Holding Corp has a twelve month low of $33.20 and a twelve month high of $76.77. The firm has a market capitalization of $2.42 billion, a PE ratio of 39.78, a PEG ratio of 1.65 and a beta of 1.25. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. Fox Factory had a net margin of 11.43% and a return on equity of 29.77%. The business had revenue of $175.80 million for the quarter, compared to analyst estimates of $173.33 million. During the same period last year, the business earned $0.46 EPS. The company’s revenue was up 38.0% on a year-over-year basis. Equities analysts expect that Fox Factory Holding Corp will post 2.2 EPS for the current year.

Several equities analysts have commented on FOXF shares. ValuEngine cut shares of Fox Factory from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 24th. BidaskClub raised shares of Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. Jefferies Financial Group raised their price target on shares of Fox Factory from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Friday, November 2nd. Finally, Bank of America cut shares of Fox Factory from a “buy” rating to a “neutral” rating in a research report on Friday, November 23rd. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Fox Factory currently has an average rating of “Buy” and an average price target of $63.83.

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Fox Factory 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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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

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