Zvi Glasman Sells 10,200 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) Stock

Fox Factory Holding Corp. (NASDAQ:FOXF) CFO Zvi Glasman sold 10,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.34, for a total transaction of $401,268.00. Following the completion of the transaction, the chief financial officer now owns 82,325 shares in the company, valued at $3,238,665.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zvi Glasman also recently made the following trade(s):

  • On Thursday, May 18th, Zvi Glasman sold 30,000 shares of Fox Factory Holding Corp. stock. The stock was sold at an average price of $32.96, for a total transaction of $988,800.00.

Shares of Fox Factory Holding Corp. (NASDAQ FOXF) opened at 36.75 on Friday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 29.40 and a beta of 0.69. Fox Factory Holding Corp. has a 12-month low of $18.13 and a 12-month high of $39.60. The firm’s 50-day moving average is $36.90 and its 200-day moving average is $31.18.

Fox Factory Holding Corp. (NASDAQ:FOXF) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $117.16 million. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. Fox Factory Holding Corp.’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. Equities research analysts forecast that Fox Factory Holding Corp. will post $1.50 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of FOXF. Kayne Anderson Rudnick Investment Management LLC boosted its position in Fox Factory Holding Corp. by 7.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,926,907 shares of the company’s stock worth $210,998,000 after buying an additional 404,704 shares during the last quarter. BlackRock Inc. boosted its position in Fox Factory Holding Corp. by 15.2% in the second quarter. BlackRock Inc. now owns 4,059,323 shares of the company’s stock worth $144,512,000 after buying an additional 536,712 shares during the last quarter. Vanguard Group Inc. boosted its position in Fox Factory Holding Corp. by 7.7% in the second quarter. Vanguard Group Inc. now owns 1,808,368 shares of the company’s stock worth $64,377,000 after buying an additional 129,129 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in Fox Factory Holding Corp. by 6.3% in the second quarter. Conestoga Capital Advisors LLC now owns 1,577,516 shares of the company’s stock worth $56,160,000 after buying an additional 93,655 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Fox Factory Holding Corp. by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,479,874 shares of the company’s stock worth $42,473,000 after buying an additional 69,635 shares during the last quarter. 97.09% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded shares of 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. CL King lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Stifel Nicolaus reiterated a “hold” rating and set a $38.00 target price (up from $32.00) on shares of Fox Factory Holding Corp. in a report on Wednesday. Finally, DA Davidson lowered shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.17.

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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