Axiom Investors LLC DE cut its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Free Report) by 34.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,960 shares of the company’s stock after selling 14,675 shares during the period. Axiom Investors LLC DE owned approximately 0.07% of Fox Factory worth $3,034,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its stake in Fox Factory by 77.7% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 6,623 shares of the company’s stock worth $804,000 after purchasing an additional 2,895 shares during the period. Coldstream Capital Management Inc. increased its stake in Fox Factory by 12.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 1,950 shares of the company’s stock worth $212,000 after buying an additional 217 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Fox Factory by 12.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 72,011 shares of the company’s stock valued at $8,740,000 after buying an additional 8,249 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Fox Factory by 31.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,899 shares of the company’s stock valued at $423,000 after buying an additional 937 shares during the period. Finally, Vestmark Advisory Solutions Inc. grew its stake in Fox Factory by 2.4% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 7,123 shares of the company’s stock worth $865,000 after acquiring an additional 169 shares in the last quarter.
Analyst Ratings Changes
Several research analysts recently issued reports on FOXF shares. Truist Financial reissued a “buy” rating and issued a $90.00 price objective on shares of Fox Factory in a research note on Friday. Roth Mkm dropped their price target on Fox Factory from $112.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Bank of America lifted their price objective on Fox Factory from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 24th. B. Riley reiterated a “neutral” rating and set a $80.00 target price (down from $125.00) on shares of Fox Factory in a report on Friday, November 3rd. Finally, Stifel Nicolaus lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $111.43.
Insider Transactions at Fox Factory
In other Fox Factory news, insider Paul Stecher sold 2,300 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $107.00, for a total value of $246,100.00. Following the completion of the sale, the insider now owns 16,360 shares of the company’s stock, valued at $1,750,520. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.
Fox Factory Price Performance
Shares of FOXF opened at $61.72 on Tuesday. The company has a 50 day moving average of $85.20 and a two-hundred day moving average of $96.89. The company has a quick ratio of 2.07, a current ratio of 3.85 and a debt-to-equity ratio of 0.15. Fox Factory Holding Corp. has a twelve month low of $49.12 and a twelve month high of $127.54. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.80.
About Fox Factory
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks.
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