Whittier Trust Co. Sells 422 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Whittier Trust Co. decreased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 40.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 631 shares of the company’s stock after selling 422 shares during the period. Whittier Trust Co.’s holdings in Fox Factory were worth $26,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FOXF. Vanguard Group Inc. raised its position in Fox Factory by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,242,423 shares of the company’s stock worth $286,279,000 after acquiring an additional 46,132 shares during the period. Brookstone Capital Management raised its position in shares of Fox Factory by 14.0% in the first quarter. Brookstone Capital Management now owns 7,340 shares of the company’s stock valued at $382,000 after purchasing an additional 903 shares during the period. Cannon Global Investment Management LLC bought a new stake in shares of Fox Factory in the first quarter valued at approximately $260,000. Norden Group LLC raised its position in shares of Fox Factory by 3,378.1% in the first quarter. Norden Group LLC now owns 286,420 shares of the company’s stock valued at $14,914,000 after purchasing an additional 278,185 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in shares of Fox Factory in the first quarter valued at approximately $781,000.

Insider Transactions at Fox Factory

In other news, CEO Michael C. Dennison purchased 4,800 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $41.44 per share, for a total transaction of $198,912.00. Following the acquisition, the chief executive officer now directly owns 135,066 shares of the company’s stock, valued at $5,597,135.04. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.

Fox Factory Price Performance

FOXF stock opened at $37.28 on Friday. 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 Holding Corp. has a one year low of $34.56 and a one year high of $86.14. The stock has a market cap of $1.55 billion, a PE ratio of 20.83, a P/E/G ratio of 2.67 and a beta of 1.64. The firm has a 50 day simple moving average of $39.96 and a two-hundred day simple moving average of $43.55.

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

Analyst Upgrades and Downgrades

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

Fox Factory Company 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.