Fox Factory Holding Corp. (FOXF) Insider Thomas Michael Wittenschlaeger Sells 2,000 Shares

Fox Factory Holding Corp. (NASDAQ:FOXF) insider Thomas Michael Wittenschlaeger sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $39.22, for a total value of $78,440.00. Following the transaction, the insider now directly owns 61,162 shares of the company’s stock, valued at $2,398,773.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fox Factory Holding Corp. (NASDAQ FOXF) traded down 1.19% during mid-day trading on Thursday, reaching $37.45. The company’s stock had a trading volume of 449,508 shares. Fox Factory Holding Corp. has a 52-week low of $18.09 and a 52-week high of $39.60. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 29.96 and a beta of 0.69. The firm has a 50 day moving average price of $36.63 and a 200 day moving average price of $31.05.

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

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Several research analysts recently commented on the company. Stifel Nicolaus reissued a “hold” rating and set a $38.00 price target (up from $32.00) on shares of Fox Factory Holding Corp. in a research report on Wednesday. Bank of America Corporation cut Fox Factory Holding Corp. from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research raised Fox Factory Holding Corp. from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, July 13th. BidaskClub raised Fox Factory Holding Corp. from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Finally, DA Davidson reissued a “hold” rating and set a $34.00 price target on shares of Fox Factory Holding Corp. in a research report on Friday, June 30th. Five 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’s stock. Fox Factory Holding Corp. currently has an average rating of “Buy” and a consensus target price of $35.17.

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Fox Factory Holding Corp. by 64.2% in the first quarter. Bank of New York Mellon Corp now owns 490,483 shares of the company’s stock worth $14,077,000 after buying an additional 191,810 shares during the period. US Bancorp DE boosted its stake in Fox Factory Holding Corp. by 13.1% in the first quarter. US Bancorp DE now owns 82,556 shares of the company’s stock worth $2,369,000 after buying an additional 9,563 shares during the period. Great West Life Assurance Co. Can boosted its stake in Fox Factory Holding Corp. by 39.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,983 shares of the company’s stock worth $1,374,000 after buying an additional 13,481 shares during the period. Wells Fargo & Company MN boosted its stake in Fox Factory Holding Corp. by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,479,874 shares of the company’s stock worth $42,473,000 after buying an additional 69,635 shares during the period. Finally, BB&T Corp boosted its stake in Fox Factory Holding Corp. by 4.6% in the first quarter. BB&T Corp now owns 10,260 shares of the company’s stock worth $294,000 after buying an additional 455 shares during the period. 97.09% of the stock is currently owned by institutional investors.

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.

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

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