Alps Advisors Inc. Acquires New Stake in Fox Factory Holding Corp (FOXF)

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Alps Advisors Inc. acquired a new position in Fox Factory Holding Corp (NASDAQ:FOXF) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,284 shares of the company’s stock, valued at approximately $671,000.

Several other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of Fox Factory by 15.9% in the second quarter. Victory Capital Management Inc. now owns 9,684 shares of the company’s stock worth $451,000 after purchasing an additional 1,327 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Fox Factory by 25.9% in the first quarter. Cubist Systematic Strategies LLC now owns 7,631 shares of the company’s stock worth $266,000 after purchasing an additional 1,568 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Fox Factory by 4.3% in the first quarter. New York State Common Retirement Fund now owns 39,100 shares of the company’s stock worth $1,365,000 after purchasing an additional 1,600 shares during the last quarter. Profund Advisors LLC grew its position in Fox Factory by 27.9% during the first quarter. Profund Advisors LLC now owns 7,435 shares of the company’s stock valued at $259,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Fox Factory by 1.0% during the first quarter. Loomis Sayles & Co. L P now owns 159,862 shares of the company’s stock valued at $5,579,000 after acquiring an additional 1,621 shares during the last quarter. Institutional investors own 99.16% of the company’s stock.

FOXF has been the topic of a number of recent research reports. Jefferies Financial Group increased their price target on shares of Fox Factory from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, July 5th. ValuEngine upgraded shares of Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. BidaskClub upgraded shares of Fox Factory from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, Berenberg Bank initiated coverage on shares of Fox Factory in a research report on Wednesday, June 20th. They set a “buy” rating and a $51.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Fox Factory currently has a consensus rating of “Buy” and a consensus target price of $53.14.

In other news, insider Wesley E. Allinger sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $50.02, for a total transaction of $1,000,400.00. Following the completion of the sale, the insider now owns 62,132 shares of the company’s stock, valued at $3,107,842.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William H. Katherman sold 8,655 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $67.00, for a total value of $579,885.00. Following the sale, the senior vice president now directly owns 23,000 shares of the company’s stock, valued at approximately $1,541,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,830 shares of company stock valued at $4,796,623. Insiders own 5.60% of the company’s stock.

Shares of NASDAQ FOXF opened at $68.25 on Thursday. Fox Factory Holding Corp has a one year low of $33.20 and a one year high of $68.75. The company has a current ratio of 2.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Fox Factory had a net margin of 10.93% and a return on equity of 27.73%. The business had revenue of $156.80 million for the quarter, compared to analysts’ expectations of $146.72 million. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 29.8% on a year-over-year basis. sell-side analysts predict that Fox Factory Holding Corp will post 2.09 EPS for the current fiscal year.

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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