Fox Factory Holding Corp (NASDAQ:FOXF) insider Christopher Tutton sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the transaction, the insider now owns 37,485 shares in the company, valued at $2,436,525. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Christopher Tutton also recently made the following trade(s):

  • On Wednesday, September 5th, Christopher Tutton sold 485 shares of Fox Factory stock. The shares were sold at an average price of $67.00, for a total value of $32,495.00.
  • On Wednesday, August 29th, Christopher Tutton sold 2,000 shares of Fox Factory stock. The shares were sold at an average price of $64.00, for a total value of $128,000.00.
  • On Tuesday, August 14th, Christopher Tutton sold 1,000 shares of Fox Factory stock. The stock was sold at an average price of $67.94, for a total value of $67,940.00.
  • On Thursday, August 9th, Christopher Tutton sold 3,000 shares of Fox Factory stock. The stock was sold at an average price of $63.79, for a total value of $191,370.00.

NASDAQ:FOXF opened at $68.00 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 2.18. Fox Factory Holding Corp has a 52 week low of $33.20 and a 52 week high of $69.25. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 1.95 and a beta of 0.82.

Fox Factory (NASDAQ:FOXF) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $156.80 million for the quarter, compared to analysts’ expectations of $146.72 million. Fox Factory had a return on equity of 27.73% and a net margin of 10.93%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. analysts anticipate that Fox Factory Holding Corp will post 2.09 EPS for the current fiscal year.

A number of research firms recently weighed in on FOXF. ValuEngine raised Fox Factory from a “buy” rating to a “strong-buy” rating in a report on Friday, August 3rd. Bank of America increased their target price on Fox Factory from $53.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Jefferies Financial Group started coverage on Fox Factory in a report on Monday, July 16th. They set a “buy” rating and a $63.00 target price for the company. Robert W. Baird upped their price target on Fox Factory from $42.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Finally, Stifel Nicolaus upped their price target on Fox Factory from $42.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Fox Factory currently has an average rating of “Buy” and an average target price of $53.14.

Several hedge funds and other institutional investors have recently made changes to their positions in FOXF. Kessler Investment Group LLC acquired a new stake in Fox Factory in the second quarter valued at $144,000. SG Americas Securities LLC purchased a new position in shares of Fox Factory during the first quarter worth about $118,000. Amalgamated Bank purchased a new position in shares of Fox Factory during the second quarter worth about $274,000. Hartford Investment Management Co. purchased a new position in shares of Fox Factory during the second quarter worth about $300,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Fox Factory during the first quarter worth about $252,000. Institutional investors and hedge funds own 99.16% of the company’s stock.

About Fox Factory

Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles.

Further Reading: Earnings Per Share (EPS) Explained

Insider Buying and Selling by Quarter for Fox Factory (NASDAQ:FOXF)

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