Congress Asset Management Co. MA Grows Holdings in Fox Factory Holding Corp (FOXF)

Congress Asset Management Co. MA boosted its holdings in shares of Fox Factory Holding Corp (NASDAQ:FOXF) by 28.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,787 shares of the company’s stock after buying an additional 19,385 shares during the period. Congress Asset Management Co. MA owned approximately 0.23% of Fox Factory worth $6,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FOXF. BlackRock Inc. grew its stake in shares of Fox Factory by 10.8% in the 2nd quarter. BlackRock Inc. now owns 5,233,996 shares of the company’s stock worth $243,642,000 after acquiring an additional 511,948 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Fox Factory by 6.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,896,466 shares of the company’s stock worth $88,280,000 after acquiring an additional 115,750 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Fox Factory by 11.7% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,645,234 shares of the company’s stock worth $76,586,000 after acquiring an additional 172,070 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Fox Factory by 5.0% in the 2nd quarter. Janus Henderson Group PLC now owns 903,258 shares of the company’s stock worth $42,047,000 after acquiring an additional 42,919 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Fox Factory by 43.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 866,320 shares of the company’s stock worth $40,327,000 after acquiring an additional 263,434 shares in the last quarter. Hedge funds and other institutional investors own 98.65% of the company’s stock.

Several analysts have recently issued reports on FOXF shares. BidaskClub lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. ValuEngine upgraded shares of Fox Factory from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 3rd. Robert W. Baird upped their target price on shares of Fox Factory from $58.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, September 14th. Bank of America upped their target price on shares of Fox Factory from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group upped their target price on shares of Fox Factory from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Fox Factory currently has a consensus rating of “Buy” and a consensus target price of $60.33.



FOXF opened at $51.78 on Friday. The stock has a market cap of $1.96 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.18 and a quick ratio of 1.20. Fox Factory Holding Corp has a fifty-two week low of $33.20 and a fifty-two week high of $73.10.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The company had revenue of $156.80 million during the quarter, compared to analyst estimates of $146.72 million. Fox Factory had a net margin of 10.93% and a return on equity of 27.73%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Analysts predict that Fox Factory Holding Corp will post 2.09 earnings per share for the current year.

In related news, CEO Larry L. Enterline sold 22,401 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $70.14, for a total transaction of $1,571,206.14. Following the completion of the transaction, the chief executive officer now owns 60,519 shares in the company, valued at $4,244,802.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Larry L. Enterline sold 90,000 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $68.82, for a total transaction of $6,193,800.00. Following the transaction, the chief executive officer now owns 60,519 shares of the company’s stock, valued at approximately $4,164,917.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 195,216 shares of company stock valued at $12,888,170. 5.60% of the stock is owned by company insiders.

Fox Factory Company Profile

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

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