Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) sold by American Century Companies Inc.

VaselineOctober 5, 2024

0 3 minutes read

American Century Companies Inc. reduced its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 45.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,068 shares of the company’s stock after selling 4,976 shares during the quarter. Holdings of American Century Companies Inc. in Fox Factory were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC grew its stake in Fox Factory by 3,378.1% in the first quarter. Norden Group LLC now owns 286,420 shares of the company’s stock worth $14,914,000 after acquiring an additional 278,185 shares during the period. Sei Investments Co. grew its stake in Fox Factory by 6.9% in the first quarter. Sei Investments Co. now owns 223,173 shares of the company’s stock valued at $11,621,000 after acquiring an additional 14,328 shares during the last quarter. Vanguard Group Inc. grew its stake in Fox Factory by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,242,423 shares of the company’s stock valued at $286,279,000 after acquiring an additional 46,132 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in Fox Factory in the second quarter valued at approximately $626,000. Finally, SG Americas Securities LLC purchased a new stake in Fox Factory during the first quarter valued at approximately $612,000.

Insider trading at Fox Factory

In related news, CEO Michael C. Dennison acquired 4,800 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the acquisition, the chief executive officer now directly owns 135,066 shares in the company, valued at approximately $5,597,135.04. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Insiders hold 0.30% of the company’s stock.

Fox Factory trading up 2.8%

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Shares of FOXF stock opened at $40.42 on Friday. The firm has a market cap of $1.68 billion, a P/E ratio of 22.70, a PEG ratio of 2.92 and a beta of 1.64. Fox Factory Holding Corp. has a 1 year low of $34.56 and a 1 year high of $97.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13, and a quick ratio of 1.63. The company’s 50-day simple moving average is $41.42, and its 200-day simple moving average is $44.58.

Fox Factory (NASDAQ:FOXF – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $348.49 million for the quarter, compared to analyst estimates of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The company’s revenue was down 13.0% year over year. During the same period in the previous year, the firm posted EPS of $1.21. As a group, stock analysts forecast that Fox Factory Holding Corp. will record 1.56 EPS for the current year.

Changes in Analyst Ratings

A number of equities research analysts recently commented on FOXF shares. B. Riley reduced their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird decreased their price objective on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Bank of America cut their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, Truist Financial cut their price target on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.17, based on data from MarketBeat.com.

Get the latest analysis on FOXF

Fox Factory Company Profile

(Free report)

Fox Factory Holding Corp. designs, engineers, manufactures and markets products and systems that define performance worldwide. The company offers motorized vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, all-terrain vehicles and trucks, off-road vehicles, snowmobiles and special application vehicles and applications such as military, motorcycles and commercial trucks ; lift kits and components with shock products and aftermarket truck accessory packages; and mid and high range front fork and rear suspension products.