10,627 Shares in Fox Factory Holding Corp. (NASDAQ:FOXF) Purchased by Ariadne Wealth Management LP

Ariadne Wealth Management LP bought a new stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,627 shares of the company’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FOXF. Truist Financial Corp boosted its holdings in Fox Factory by 95.2% in the second quarter. Truist Financial Corp now owns 19,753 shares of the company’s stock worth $952,000 after purchasing an additional 9,632 shares during the last quarter. Creative Planning increased its holdings in Fox Factory by 117.5% in the 2nd quarter. Creative Planning now owns 9,053 shares of the company’s stock valued at $436,000 after acquiring an additional 4,890 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Fox Factory by 25.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company’s stock valued at $32,483,000 after acquiring an additional 135,542 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Fox Factory by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 7,132 shares of the company’s stock worth $342,000 after buying an additional 1,901 shares in the last quarter. Finally, RWWM Inc. grew its stake in shares of Fox Factory by 1.9% in the 2nd quarter. RWWM Inc. now owns 268,598 shares of the company’s stock worth $12,940,000 after buying an additional 4,958 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FOXF shares. Robert W. Baird dropped their price target on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Bank of America reduced their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Truist Financial reduced their price target on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, B. Riley reduced their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.17.

Insiders Place Their Bets

In related news, CEO Michael C. Dennison purchased 4,800 shares of the stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $41.44 per share, with a total value of $198,912.00. Following the purchase, the chief executive officer now directly owns 135,066 shares in the company, valued at approximately $5,597,135.04. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

Fox Factory Price Performance

Shares of FOXF opened at $41.50 on Tuesday. Fox Factory Holding Corp. has a 1-year low of $34.56 and a 1-year high of $99.75. The stock has a market cap of $1.73 billion, a PE ratio of 23.18, a P/E/G ratio of 2.92 and a beta of 1.63. The firm has a 50-day simple moving average of $41.89 and a two-hundred day simple moving average of $44.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The company had revenue of $348.49 million during the quarter, compared to analysts’ expectations of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The firm’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, analysts forecast that Fox Factory Holding Corp. will post 1.56 EPS for the current year.

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.