Zvi Glasman Sells 5,000 Shares of Fox Factory Holding Corp (NASDAQ:FOXF) Stock

Fox Factory Holding Corp (NASDAQ:FOXF) CFO Zvi Glasman sold 5,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the chief financial officer now directly owns 20,284 shares in the company, valued at approximately $1,622,720. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Zvi Glasman also recently made the following trade(s):

  • On Friday, June 28th, Zvi Glasman sold 5,000 shares of Fox Factory stock. The shares were sold at an average price of $82.50, for a total transaction of $412,500.00.
  • On Friday, April 12th, Zvi Glasman sold 5,000 shares of Fox Factory stock. The shares were sold at an average price of $77.50, for a total transaction of $387,500.00.
  • On Thursday, April 4th, Zvi Glasman sold 5,000 shares of Fox Factory stock. The stock was sold at an average price of $75.00, for a total value of $375,000.00.
  • On Monday, April 1st, Zvi Glasman sold 5,000 shares of Fox Factory stock. The stock was sold at an average price of $72.50, for a total value of $362,500.00.

NASDAQ:FOXF traded up $1.28 during mid-day trading on Friday, reaching $80.94. The stock had a trading volume of 186,028 shares, compared to its average volume of 205,684. Fox Factory Holding Corp has a 12 month low of $47.15 and a 12 month high of $85.04. The company has a quick ratio of 1.29, a current ratio of 2.39 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.09 billion, a PE ratio of 36.46, a PEG ratio of 1.90 and a beta of 1.35. The business has a 50-day simple moving average of $75.57.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. Fox Factory had a net margin of 12.43% and a return on equity of 30.57%. The company had revenue of $161.70 million for the quarter, compared to analyst estimates of $156.30 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. Fox Factory’s revenue was up 24.6% compared to the same quarter last year. Sell-side analysts expect that Fox Factory Holding Corp will post 2.6 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on FOXF shares. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, SunTrust Banks raised their price objective on shares of Markel to $1,100.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Fox Factory presently has a consensus rating of “Buy” and an average target price of $69.17.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC bought a new stake in shares of Fox Factory during the first quarter worth about $31,000. Huntington National Bank bought a new stake in Fox Factory in the 1st quarter worth about $33,000. Bronfman E.L. Rothschild L.P. grew its position in Fox Factory by 751.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 647 shares of the company’s stock worth $38,000 after purchasing an additional 571 shares in the last quarter. Private Capital Group LLC boosted its stake in Fox Factory by 78.0% in the first quarter. Private Capital Group LLC now owns 557 shares of the company’s stock valued at $39,000 after acquiring an additional 244 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new position in Fox Factory in the first quarter valued at about $62,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

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.

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