1,105,911 Shares in Fox Factory Holding Corp. (NASDAQ:FOXF) Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in Fox Factory Holding Corp. (NASDAQ:FOXF) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,105,911 shares of the company’s stock, valued at approximately $53,294,000. William Blair Investment Management LLC owned 2.66% of Fox Factory at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Fox Factory by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,470,762 shares of the company’s stock worth $232,793,000 after purchasing an additional 228,339 shares during the period. Clearbridge Investments LLC grew its stake in shares of Fox Factory by 0.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,230,987 shares of the company’s stock worth $64,097,000 after purchasing an additional 7,468 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of Fox Factory by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 913,452 shares of the company’s stock worth $44,019,000 after purchasing an additional 13,936 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Fox Factory by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,862 shares of the company’s stock worth $55,461,000 after purchasing an additional 12,474 shares during the period. Finally, Norges Bank acquired a new stake in shares of Fox Factory during the 4th quarter worth approximately $31,429,000.

Insider Buying and Selling at Fox Factory

In other news, CEO Michael C. Dennison acquired 4,800 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $41.44 per share, for a total transaction of $198,912.00. Following the acquisition, the chief executive officer now owns 135,066 shares of the company’s stock, valued at approximately $5,597,135.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by insiders.

Fox Factory Trading Up 6.7 %

Shares of FOXF stock opened at $39.39 on Friday. The stock’s fifty day moving average is $43.30 and its two-hundred day moving average is $45.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 3.13. The firm has a market capitalization of $1.64 billion, a P/E ratio of 22.01, a PEG ratio of 2.48 and a beta of 1.63. Fox Factory Holding Corp. has a fifty-two week low of $34.56 and a fifty-two week high of $105.38.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $348.49 million for the quarter, compared to analyst estimates of $346.22 million. Fox Factory had a return on equity of 7.66% and a net margin of 3.07%. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. Research analysts expect that Fox Factory Holding Corp. will post 1.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.