Cambridge Investment Research Advisors Inc. Takes Position in Fox Factory Holding Corp (NASDAQ:FOXF)

Cambridge Investment Research Advisors Inc. bought a new position in Fox Factory Holding Corp (NASDAQ:FOXF) in the first quarter, Holdings Channel reports. The firm bought 6,380 shares of the company’s stock, valued at approximately $446,000.

Several other institutional investors also recently made changes to their positions in FOXF. Nisa Investment Advisors LLC purchased a new position in Fox Factory during the 1st quarter valued at $31,000. Huntington National Bank purchased a new position in Fox Factory during the 1st quarter valued at $33,000. Private Capital Group LLC boosted its holdings in Fox Factory by 78.0% during the 1st quarter. Private Capital Group LLC now owns 557 shares of the company’s stock valued at $39,000 after acquiring an additional 244 shares during the period. Bronfman E.L. Rothschild L.P. boosted 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 acquiring an additional 571 shares during the period. Finally, Mckinley Capital Management LLC Delaware purchased a new position in Fox Factory during the 1st quarter valued at $62,000. Hedge funds and other institutional investors own 98.65% of the company’s stock.

In other Fox Factory news, insider Christopher Tutton sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.94, for a total value of $151,880.00. Following the completion of the sale, the insider now directly owns 30,445 shares in the company, valued at approximately $2,311,993.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Zvi Glasman sold 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $72.50, for a total value of $362,500.00. Following the completion of the sale, the chief financial officer now owns 20,284 shares of the company’s stock, valued at $1,470,590. The disclosure for this sale can be found here. Insiders sold a total of 121,865 shares of company stock valued at $8,367,806 over the last quarter. Company insiders own 2.30% of the company’s stock.

A number of research firms recently issued reports on FOXF. Zacks Investment Research cut Fox Factory from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. BidaskClub upgraded Fox Factory from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 13th. Finally, SunTrust Banks boosted their price objective on Fox Factory to $70.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $66.57.

FOXF opened at $72.84 on Friday. Fox Factory Holding Corp has a 52-week low of $42.80 and a 52-week high of $79.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.39 and a quick ratio of 1.29. The firm has a market cap of $2.81 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Wednesday, May 1st. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. Fox Factory had a return on equity of 30.57% and a net margin of 12.43%. The business had revenue of $161.70 million during the quarter, compared to analysts’ expectations of $156.30 million. During the same period in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, research analysts forecast that Fox Factory Holding Corp will post 2.6 earnings per share for the current fiscal year.

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Fox Factory Profile

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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