California Teachers Retirement System sells 2,349 shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

California State Teachers Retirement System reduced its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 5.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,415 shares of the company’s stock after selling 2,349 shares during the period. California State Teachers Retirement System’s holdings in Fox Factory were worth $2,209,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Fox Factory in the 4th quarter valued at approximately $29,000. Quest Partners LLC purchased a new position in Fox Factory during the fourth quarter valued at about $31,000. CWM LLC increased its position in Fox Factory by 54.1% in the 4th quarter. CWM LLC now owns 624 shares of the company’s stock worth $42,000 after acquiring an additional 219 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Fox Factory in the first quarter worth approximately $42,000. Finally, TFO Wealth Partners LLC grew its position in Fox Factory by 14,180.0% during the 4th quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after buying an additional 709 shares. shares in the last quarter.

Analyst upgrades and downgrades

A number of research firms recently issued reports on FOXF. Truist Financial cut their price objective on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Bank of America decreased their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Stifel Nicolaus dropped their price objective on shares of Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. B. Riley decreased 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. Finally, Roth Mkm cut their price target on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.00, according to MarketBeat.

Check out our latest analysis of FOXF

Insiders place their bets

In other Fox Factory news, CEO Michael C. Dennison acquired 4,800 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $41.44 per share, with a total value of $198,912.00. Following the completion of the acquisition, the chief executive officer now directly owns 135,066 shares of the company’s stock, valued at approximately $5,597,135.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed via this link. In related news, CEO Michael C. Dennison acquired 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the completion of the acquisition, the chief executive officer now directly owns 135,066 shares in the company, valued at approximately $5,597,135.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, insider Thomas L. Fletcher sold 2,000 shares of Fox Factory stock in a transaction on Monday, June 10th. The shares were sold at an average price of $44.41, for a total transaction of $88,820.00. Following the completion of the sale, the insider now owns 11,311 shares in the company, valued at approximately $502,321.51. The disclosure for this sale can be found here. Insiders hold 0.30% of the company’s stock.

Fox factory price performance

Shares of FOXF stock opened at $39.53 on Friday. The firm has a 50-day moving average of $47.28 and a 200-day moving average of $49.64. The company has a current ratio of 3.43, a quick ratio of 1.85, and a debt-to-equity ratio of 0.63. Fox Factory Holding Corp. has a 12-month low of $37.48 and a 12-month high of $117.68. The firm has a market cap of $1.65 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.66.

Fox Factory (NASDAQ:FOXF – Get Your Free Report ) last announced its earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $348.49 million for the quarter, compared to the consensus estimate of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.62%. Fox Factory’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the firm posted earnings of $1.21 per share. As a group, sell-side analysts predict that Fox Factory Holding Corp. will post 2.4 earnings per share for the current fiscal year.

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.

See Also

Want to see what other hedge funds FOXF owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report).

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