Fox Factory Holding Corp. (NASDAQ:FOXF) Position Boosted by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 24.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 101,471 shares of the company’s stock after buying an additional 19,705 shares during the period. Goldman Sachs Group Inc. owned about 0.27% of Fox Factory Holding Corp. worth $2,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gotham Asset Management LLC purchased a new stake in shares of Fox Factory Holding Corp. during the first quarter worth about $323,000. State Street Corp raised its stake in shares of Fox Factory Holding Corp. by 20.2% in the first quarter. State Street Corp now owns 590,470 shares of the company’s stock worth $16,944,000 after buying an additional 99,046 shares during the last quarter. Bank of America Corp DE raised its stake in Fox Factory Holding Corp. by 5.8% in the first quarter. Bank of America Corp DE now owns 899,670 shares of the company’s stock worth $25,821,000 after buying an additional 49,586 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Fox Factory Holding Corp. by 18.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 94,656 shares of the company’s stock worth $2,717,000 after buying an additional 14,908 shares in the last quarter. Finally, Invictus RG bought a new stake in Fox Factory Holding Corp. during the first quarter worth $261,000. 96.65% of the stock is currently owned by hedge funds and other institutional investors.

Fox Factory Holding Corp. (NASDAQ FOXF) opened at 37.70 on Friday. The firm has a 50-day moving average of $37.36 and a 200-day moving average of $31.57. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 30.16 and a beta of 0.69. Fox Factory Holding Corp. has a 1-year low of $18.52 and a 1-year high of $39.60.

Fox Factory Holding Corp. (NASDAQ:FOXF) last released its earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $120.80 million for the quarter, compared to the consensus estimate of $117.16 million. Fox Factory Holding Corp. had a net margin of 10.67% and a return on equity of 29.60%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Equities research analysts anticipate that Fox Factory Holding Corp. will post $1.50 EPS for the current year.

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Several analysts have recently commented on the company. DA Davidson reiterated a “hold” rating and set a $34.00 price objective on shares of Fox Factory Holding Corp. in a report on Friday, June 30th. ValuEngine upgraded Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, May 5th. Bank of America Corporation downgraded Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Finally, CL King downgraded Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Fox Factory Holding Corp. currently has an average rating of “Buy” and an average target price of $35.17.

In related news, CFO Zvi Glasman sold 10,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $39.34, for a total transaction of $401,268.00. Following the completion of the sale, the chief financial officer now directly owns 82,325 shares in the company, valued at $3,238,665.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Michael Wittenschlaeger sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.22, for a total transaction of $78,440.00. Following the sale, the insider now owns 61,162 shares of the company’s stock, valued at $2,398,773.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,883 shares of company stock worth $5,783,714. 21.40% of the stock is currently owned by insiders.

About Fox Factory Holding Corp.

Fox Factory Holding Corp. is engaged in the manufacturing, sale and service of ride dynamics products. The Company’s products fall into two categories: bikes, and powered vehicles, including side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

Institutional Ownership by Quarter for Fox Factory Holding Corp. (NASDAQ:FOXF)

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