Fox Factory (NASDAQ:FOXF) Insider Toby Merchant Sells 1,375 Shares of Stock

Fox Factory Holding Corp. (NASDAQ:FOXF) insider Toby Merchant sold 1,375 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $18.43, for a total transaction of $25,341.25. Following the transaction, the insider owned 56,384 shares in the company, valued at $1,039,157.12. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Fox Factory Price Performance

NASDAQ:FOXF traded down $0.18 during midday trading on Friday, hitting $17.14. 70,406 shares of the stock were exchanged, compared to its average volume of 672,827. The company has a market capitalization of $720.18 million, a price-to-earnings ratio of -1.76, a P/E/G ratio of 1.14 and a beta of 1.39. The company has a current ratio of 2.82, a quick ratio of 1.37 and a debt-to-equity ratio of 0.66. Fox Factory Holding Corp. has a one year low of $13.08 and a one year high of $22.09. The business has a 50-day moving average price of $17.89 and a two-hundred day moving average price of $18.07.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.22. The company had revenue of $338.41 million for the quarter, compared to analysts’ expectations of $337.56 million. Fox Factory had a positive return on equity of 8.43% and a negative net margin of 28.58%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. Sell-side analysts predict that Fox Factory Holding Corp. will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Fox Factory

A number of institutional investors have recently bought and sold shares of FOXF. Public Employees Retirement System of Ohio purchased a new stake in Fox Factory during the second quarter valued at about $41,000. Quantbot Technologies LP acquired a new stake in shares of Fox Factory during the second quarter valued at approximately $48,000. Versant Capital Management Inc lifted its position in shares of Fox Factory by 49.8% in the 3rd quarter. Versant Capital Management Inc now owns 3,054 shares of the company’s stock valued at $56,000 after acquiring an additional 1,015 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Fox Factory by 62.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,802 shares of the company’s stock valued at $70,000 after acquiring an additional 1,456 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Fox Factory in the 3rd quarter worth approximately $156,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FOXF shares. Stifel Nicolaus set a $25.00 price objective on shares of Fox Factory in a research report on Wednesday, September 30th. Weiss Ratings raised shares of Fox Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. Zacks Research cut shares of Fox Factory from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Roth Capital restated a “neutral” rating and issued a $17.00 price target on shares of Fox Factory in a research report on Monday, October 19th. Finally, B. Riley Financial dropped their price target on Fox Factory from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.60.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers and manufactures ride-dynamics and performance products for vehicles and outdoor recreation. Its offerings include suspension systems and components used in mountain bikes, motorcycles, off-road vehicles, trucks and other applications. The company sells products under brands including FOX, Marzocchi, Race Face and Easton. Its portfolio serves original equipment manufacturers as well as aftermarket customers, with products distributed in markets around the world.