Fox Factory Holding Corp (FOXF) Shares Bought by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lifted its stake in Fox Factory Holding Corp (NASDAQ:FOXF) by 380.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,912 shares of the company’s stock after purchasing an additional 9,433 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Fox Factory were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in shares of Fox Factory during the 4th quarter worth approximately $387,000. D. E. Shaw & Co. Inc. raised its holdings in Fox Factory by 65.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 16,238 shares of the company’s stock valued at $956,000 after buying an additional 6,407 shares during the period. Principal Financial Group Inc. raised its holdings in Fox Factory by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 323,837 shares of the company’s stock valued at $19,065,000 after buying an additional 9,242 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in Fox Factory by 751.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 647 shares of the company’s stock valued at $38,000 after buying an additional 571 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in Fox Factory during the 4th quarter valued at $16,575,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Larry L. Enterline sold 177,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $63.98, for a total value of $11,324,460.00. Following the completion of the transaction, the chief executive officer now directly owns 95,335 shares in the company, valued at $6,099,533.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Zvi Glasman sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the transaction, the chief financial officer now owns 30,511 shares of the company’s stock, valued at $1,983,215. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,395 shares of company stock valued at $13,856,021. 2.30% of the stock is currently owned by company insiders.

A number of research firms have weighed in on FOXF. BidaskClub upgraded Fox Factory from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 13th. Zacks Investment Research upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, February 28th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.83.

FOXF stock traded up $0.32 during trading on Wednesday, reaching $77.76. 104,116 shares of the company traded hands, compared to its average volume of 253,036. Fox Factory Holding Corp has a 12 month low of $33.20 and a 12 month high of $79.46. The company has a market cap of $2.96 billion, a P/E ratio of 35.03, a PEG ratio of 2.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.40 and a quick ratio of 1.29.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Fox Factory had a return on equity of 30.19% and a net margin of 13.57%. The company had revenue of $156.81 million for the quarter, compared to the consensus estimate of $156.79 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, analysts anticipate that Fox Factory Holding Corp will post 2.52 EPS for the current year.

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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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