Fox Factory Holding Corp. (NASDAQ:FOXF) Position Reduced by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,394 shares of the company’s stock after selling 4,849 shares during the period. TIAA CREF Investment Management LLC’s holdings in Fox Factory Holding Corp. were worth $1,733,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC increased its position in Fox Factory Holding Corp. by 261.7% in the first quarter. LS Investment Advisors LLC now owns 3,711 shares of the company’s stock valued at $107,000 after buying an additional 2,685 shares during the last quarter. State of Alaska Department of Revenue increased its position in Fox Factory Holding Corp. by 22.8% in the first quarter. State of Alaska Department of Revenue now owns 3,830 shares of the company’s stock valued at $109,000 after buying an additional 710 shares during the last quarter. Victory Capital Management Inc. increased its position in Fox Factory Holding Corp. by 11.3% in the first quarter. Victory Capital Management Inc. now owns 5,003 shares of the company’s stock valued at $144,000 after buying an additional 509 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Fox Factory Holding Corp. by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,847 shares of the company’s stock valued at $197,000 after buying an additional 955 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Fox Factory Holding Corp. during the first quarter valued at about $211,000. 97.09% of the stock is currently owned by institutional investors and hedge funds.

Fox Factory Holding Corp. (FOXF) opened at 37.90 on Thursday. Fox Factory Holding Corp. has a 52 week low of $18.09 and a 52 week high of $39.60. The firm’s 50-day moving average is $36.63 and its 200 day moving average is $31.05. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 30.32 and a beta of 0.69.

Fox Factory Holding Corp. (NASDAQ:FOXF) last posted its earnings results on Thursday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $120.80 million during 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 company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, equities research analysts expect that Fox Factory Holding Corp. will post $1.50 EPS for the current year.

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FOXF has been the topic of several recent analyst reports. ValuEngine raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, May 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price objective (up from $32.00) on shares of Fox Factory Holding Corp. in a report on Wednesday. DA Davidson reaffirmed a “hold” rating and set a $34.00 price objective on shares of Fox Factory Holding Corp. in a report on Friday, June 30th. Finally, CL King downgraded shares of Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, June 1st. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $35.17.

In related news, insider Wesley E. Allinger sold 17,418 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $32.88, for a total transaction of $572,703.84. Following the completion of the sale, the insider now owns 29,419 shares of the company’s stock, valued at approximately $967,296.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Wesley E. Allinger sold 2,776 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $32.63, for a total transaction of $90,580.88. Following the sale, the insider now directly owns 49,034 shares of the company’s stock, valued at approximately $1,599,979.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,452 shares of company stock valued at $5,475,673. Corporate insiders own 21.40% of the company’s stock.

Fox Factory Holding Corp. Company Profile

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.

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

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