State of Tennessee Treasury Department increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 28.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,551 shares of the company’s stock after buying an additional 6,615 shares during the period. State of Tennessee Treasury Department owned 0.08% of Fox Factory Holding Corp. worth $848,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank raised its stake in Fox Factory Holding Corp. by 26.8% in the fourth quarter. Comerica Bank now owns 30,576 shares of the company’s stock valued at $826,000 after buying an additional 6,454 shares during the period. Dimensional Fund Advisors LP raised its stake in Fox Factory Holding Corp. by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,278,943 shares of the company’s stock valued at $35,491,000 after buying an additional 31,772 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Fox Factory Holding Corp. by 67.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 8,700 shares of the company’s stock valued at $241,000 after buying an additional 3,500 shares during the period. Envestnet Asset Management Inc. raised its stake in Fox Factory Holding Corp. by 43.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,959 shares of the company’s stock valued at $304,000 after buying an additional 3,322 shares during the period. Finally, Bank of Montreal Can raised its stake in Fox Factory Holding Corp. by 2.9% in the first quarter. Bank of Montreal Can now owns 8,510 shares of the company’s stock valued at $244,000 after buying an additional 242 shares during the period. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Fox Factory Holding Corp. (NASDAQ:FOXF)

Shares of Fox Factory Holding Corp. (FOXF) opened at 32.70 on Friday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 29.20 and a beta of 0.68. Fox Factory Holding Corp. has a 12-month low of $16.28 and a 12-month high of $34.00. The company’s 50-day moving average price is $32.35 and its 200 day moving average price is $28.51.

Fox Factory Holding Corp. (NASDAQ:FOXF) last issued its earnings results on Wednesday, May 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $106.33 million during the quarter, compared to the consensus estimate of $97.31 million. Fox Factory Holding Corp. had a return on equity of 30.07% and a net margin of 10.01%. On average, equities research analysts forecast that Fox Factory Holding Corp. will post $1.44 EPS for the current fiscal year.

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Several analysts recently commented on FOXF shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of Fox Factory Holding Corp. in a report on Thursday, March 2nd. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, April 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $26.00 target price (up from $23.00) on shares of Fox Factory Holding Corp. in a report on Wednesday, March 8th. CL King lowered Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Finally, ValuEngine raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.83.

In other news, Director Robert (Bob) Fox, Jr. sold 465,657 shares of the stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $26.65, for a total transaction of $12,409,759.05. Following the completion of the transaction, the director now directly owns 1,000,000 shares of the company’s stock, valued at approximately $26,650,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Zvi Glasman sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $31.99, for a total value of $191,940.00. Following the transaction, the chief financial officer now directly owns 62,100 shares of the company’s stock, valued at $1,986,579. The disclosure for this sale can be found here. Over the last three months, insiders have sold 681,827 shares of company stock valued at $19,430,740. Company insiders own 21.40% of the company’s stock.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

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