Fox Factory Holding Corp (NASDAQ:FOXF) SVP William H. Katherman sold 8,655 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $67.00, for a total value of $579,885.00. Following the completion of the transaction, the senior vice president now owns 23,000 shares in the company, valued at approximately $1,541,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

FOXF opened at $63.90 on Friday. The stock has a market cap of $2.41 billion, a PE ratio of 40.19, a P/E/G ratio of 1.82 and a beta of 0.69. Fox Factory Holding Corp has a 52-week low of $33.20 and a 52-week high of $68.30. The company has a quick ratio of 1.20, a current ratio of 2.18 and a debt-to-equity ratio of 0.22.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Fox Factory during the 1st quarter valued at approximately $118,000. Kessler Investment Group LLC bought a new stake in Fox Factory during the 2nd quarter valued at approximately $144,000. Xact Kapitalforvaltning AB bought a new stake in Fox Factory during the 1st quarter valued at approximately $252,000. Profund Advisors LLC boosted its stake in Fox Factory by 27.9% during the 1st quarter. Profund Advisors LLC now owns 7,435 shares of the company’s stock valued at $259,000 after purchasing an additional 1,620 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in Fox Factory by 25.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 7,631 shares of the company’s stock valued at $266,000 after purchasing an additional 1,568 shares during the period. Institutional investors own 99.50% of the company’s stock.

A number of brokerages have commented on FOXF. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Thursday, June 14th. Jefferies Financial Group upped their price target on Fox Factory from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. ValuEngine upgraded Fox Factory from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 3rd. Robert W. Baird upped their price target on Fox Factory from $42.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Finally, BidaskClub downgraded Fox Factory from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 12th. Four investment 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 company’s stock. The stock has a consensus rating of “Buy” and an average target price of $53.14.

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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