Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV reduced its position in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.7% during the first quarter, Holdings Channel.com reports. The fund owned 45,068 shares of the company’s stock after selling 763 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Fox Factory were worth $2,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FOXF. Vanguard Group Inc. increased its stake in Fox Factory by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 4,242,423 shares of the company’s stock worth $286,279,000 after purchasing an additional 46,132 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fox Factory by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 421,003 shares of the company’s stock valued at $28,409,000 after buying an additional 16,542 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Fox Factory during the 1st quarter valued at about $859,000. CVA Family Office LLC acquired a new stake in shares of Fox Factory during the 4th quarter valued at about $55,000. Finally, VELA Investment Management LLC raised its stake in shares of Fox Factory by 56.6% in the 4th quarter. VELA Investment Management LLC now owns 18,302 shares of the company’s stock valued at $1,235,000 after acquiring an additional 6,613 shares in the last quarter.

Insiders Place Their Bets

In other news, CEO Michael C. Dennison acquired 11,250 shares of Fox Factory stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $44.30 per share, with a total value of $498,375.00. Following the completion of the transaction, the chief executive officer now directly owns 130,266 shares of the company’s stock, valued at $5,770,783.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Thomas L. Fletcher sold 2,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $44.41, for a total transaction of $88,820.00. Following the completion of the transaction, the insider now directly owns 11,311 shares of the company’s stock, valued at $502,321.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael C. Dennison purchased 11,250 shares of Fox Factory stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $44.30 per share, with a total value of $498,375.00. Following the completion of the transaction, the chief executive officer now directly owns 130,266 shares of the company’s stock, valued at approximately $5,770,783.80. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

Fox Factory Trading Down 0.4 %

NASDAQ FOXF opened at $48.40 on Thursday. The stock has a 50-day simple moving average of $45.88 and a 200 day simple moving average of $53.22. The company has a market capitalization of $2.01 billion, a PE ratio of 27.04, a P/E/G ratio of 2.06 and a beta of 1.66. The company has a current ratio of 3.43, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. Fox Factory Holding Corp. has a 12 month low of $37.98 and a 12 month high of $117.68.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. The business had revenue of $333.50 million during the quarter, compared to the consensus estimate of $327.58 million. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was down 16.6% on a year-over-year basis. Research analysts forecast that Fox Factory Holding Corp. will post 2.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FOXF. B. Riley cut their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Robert W. Baird lowered their price objective on Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Truist Financial boosted their price objective on Fox Factory from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Roth Mkm decreased their price target on Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Finally, Stifel Nicolaus reduced their price objective on Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.67.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers 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; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.