Tower Research Capital LLC TRC Boosts Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Tower Research Capital LLC TRC increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) by 8.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,929 shares of the company’s stock after buying an additional 300 shares during the period. Tower Research Capital LLC TRC’s holdings in Fox Factory were worth $311,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FOXF. Raymond James & Associates increased its position in Fox Factory by 4.4% during the 1st quarter. Raymond James & Associates now owns 21,145 shares of the company’s stock valued at $2,071,000 after purchasing an additional 888 shares during the period. HighTower Advisors LLC increased its position in Fox Factory by 21.8% during the 1st quarter. HighTower Advisors LLC now owns 3,363 shares of the company’s stock valued at $328,000 after purchasing an additional 601 shares during the period. Bank of Montreal Can increased its position in Fox Factory by 10.7% during the 1st quarter. Bank of Montreal Can now owns 3,626 shares of the company’s stock valued at $380,000 after purchasing an additional 351 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Fox Factory during the 1st quarter valued at about $946,000. Finally, Rhumbline Advisers grew its position in shares of Fox Factory by 1.8% in the 1st quarter. Rhumbline Advisers now owns 114,760 shares of the company’s stock worth $11,241,000 after buying an additional 2,044 shares during the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.

Fox Factory Stock Up 1.3 %

FOXF stock opened at $119.02 on Thursday. The firm has a 50 day moving average of $109.51 and a 200 day moving average of $98.69. The stock has a market capitalization of $5.03 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.85. The company has a quick ratio of 1.73, a current ratio of 3.08 and a debt-to-equity ratio of 0.18. Fox Factory Holding Corp. has a 52 week low of $69.28 and a 52 week high of $127.54.

Fox Factory (NASDAQ:FOXF – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. Fox Factory had a net margin of 12.81% and a return on equity of 22.55%. The company had revenue of $408.60 million during the quarter, compared to analysts’ expectations of $383.86 million. During the same period last year, the business earned $1.06 EPS. Fox Factory’s revenue for the quarter was up 19.4% on a year-over-year basis. Sell-side analysts forecast that Fox Factory Holding Corp. will post 5.33 earnings per share for the current year.

Insider Buying and Selling at Fox Factory

In other Fox Factory news, CEO Michael C. Dennison sold 7,500 shares of Fox Factory stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $115.00, for a total transaction of $862,500.00. Following the completion of the sale, the chief executive officer now directly owns 62,701 shares in the company, valued at approximately $7,210,615. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FOXF. Jefferies Financial Group lifted their price objective on shares of Fox Factory from $120.00 to $135.00 in a research report on Monday, December 5th. Robert W. Baird lifted their price objective on shares of Fox Factory from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, February 24th. Stifel Nicolaus lifted their price objective on shares of Fox Factory from $115.00 to $133.00 in a research report on Monday, December 5th. Finally, Truist Financial lifted their price objective on shares of Fox Factory from $115.00 to $125.00 in a research report on Friday, February 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Fox Factory presently has an average rating of “Moderate Buy” and an average price target of $128.25.

About Fox Factory

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Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and on-road vehicles with off-road capabilities, off-road vehicles and trucks, all – terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles.