Bell Asset Management Ltd Sells 7,463 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Bell Asset Management Ltd trimmed its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 13.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,117 shares of the company’s stock after selling 7,463 shares during the quarter. Bell Asset Management Ltd owned 0.11% of Fox Factory worth $5,719,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. OLD Mission Capital LLC acquired a new position in shares of Fox Factory during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Fox Factory by 2,515.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 340 shares of the company’s stock valued at $31,000 after buying an additional 327 shares during the last quarter. Covestor Ltd raised its position in Fox Factory by 58.4% in the 1st quarter. Covestor Ltd now owns 358 shares of the company’s stock valued at $35,000 after buying an additional 132 shares during the last quarter. BOKF NA bought a new position in Fox Factory during the 1st quarter valued at $56,000. Finally, Quadrant Capital Group LLC boosted its holdings in Fox Factory by 36.3% during the 4th quarter. Quadrant Capital Group LLC now owns 653 shares of the company’s stock worth $60,000 after acquiring an additional 174 shares during the last quarter.

Insider Activity at Fox Factory

In other news, insider Christopher Tutton sold 2,279 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $94.42, for a total value of $215,183.18. Following the transaction, the insider now owns 13,242 shares of the company’s stock, valued at approximately $1,250,309.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Christopher Tutton sold 2,279 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $94.42, for a total value of $215,183.18. Following the completion of the sale, the insider now owns 13,242 shares of the company’s stock, valued at approximately $1,250,309.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul Stecher sold 2,300 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $107.00, for a total transaction of $246,100.00. Following the transaction, the insider now directly owns 16,360 shares in the company, valued at $1,750,520. The disclosure for this sale can be found here. Insiders have sold 13,708 shares of company stock valued at $1,501,989 over the last three months. 0.20% of the stock is owned by corporate insiders.

Fox Factory Stock Performance

FOXF stock traded up $1.11 during midday trading on Thursday, reaching $110.81. 168,183 shares of the company’s stock traded hands, compared to its average volume of 219,026. Fox Factory Holding Corp. has a 52 week low of $73.05 and a 52 week high of $127.54. The company has a 50-day moving average price of $108.51 and a two-hundred day moving average price of $108.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.37 and a current ratio of 4.08. The firm has a market capitalization of $4.70 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.86.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, August 3rd. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.14 by $0.07. Fox Factory had a return on equity of 19.41% and a net margin of 11.45%. The business had revenue of $400.72 million during the quarter, compared to the consensus estimate of $401.67 million. During the same quarter last year, the company earned $1.38 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Fox Factory Holding Corp. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FOXF. StockNews.com began coverage on shares of Fox Factory in a report on Thursday, August 17th. They set a “hold” rating on the stock. TheStreet lowered shares of Fox Factory from a “b” rating to a “c+” rating in a research report on Thursday, May 18th. B. Riley started coverage on shares of Fox Factory in a research note on Wednesday, June 28th. They set a “buy” rating and a $125.00 price target for the company. Finally, Bank of America lifted their price target on shares of Fox Factory from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.43.

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.