Norden Group LLC Has $14.91 Million Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Norden Group LLC increased its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 3,378.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,420 shares of the company’s stock after purchasing an additional 278,185 shares during the quarter. Norden Group LLC owned approximately 0.68% of Fox Factory worth $14,914,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Fox Factory during the fourth quarter worth approximately $29,000. Quest Partners LLC bought a new position in Fox Factory during the fourth quarter valued at approximately $31,000. CWM LLC raised its position in Fox Factory by 54.1% during the fourth quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after acquiring an additional 219 shares in the last quarter. TFO Wealth Partners LLC raised its position in Fox Factory by 14,180.0% during the fourth quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock valued at $48,000 after acquiring an additional 709 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in Fox Factory during the fourth quarter valued at approximately $55,000.

Insider Buying and Selling

In related news, CEO Michael C. Dennison bought 11,250 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $44.30 per share, with a total value of $498,375.00. Following the completion of the transaction, the chief executive officer now owns 130,266 shares of the company’s stock, valued at approximately $5,770,783.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael C. Dennison bought 11,250 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $44.30 per share, with a total value of $498,375.00. Following the completion of the transaction, the chief executive officer now owns 130,266 shares of the company’s stock, valued at approximately $5,770,783.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas L. Fletcher sold 2,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 11,311 shares in the company, valued at approximately $502,321.51. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Fox Factory Trading Down 0.4 %

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

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The business had revenue of $333.50 million for the quarter, compared to analyst estimates of $327.58 million. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Fox Factory’s revenue was down 16.6% compared to the same quarter last year. Equities analysts anticipate that Fox Factory Holding Corp. will post 2.4 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FOXF shares. Robert W. Baird cut their price objective on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. B. Riley cut their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Roth Mkm cut their price objective on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Truist Financial raised their price objective on shares of Fox Factory from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Finally, Bank of America dropped their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.67.

Fox Factory Profile

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.