Trexquant Investment LP added a new position in Fox Factory Holding Corp. (NASDAQ: FOXF), as stated in the company’s most recent filing with the Securities and Exchange Commission (SEC), which was submitted during the third quarter of this year.
The investment fund purchased a total of 19,888 shares of the company’s stock at the cost of approximately $1,573,000.
Dennison, currently serving as Chief Executive Officer of Fox Factory, decided to sell 7,500 of the company’s shares on Friday, January 27.
The price at which each share was sold ranged from $115.00 to $115.00 overall, bringing the total value of the transaction to $862,500.00.
The Chief Executive Officer will now personally possess 62,701 shares of the company, which have a value of $7,210,615 following the completion of the transaction.
The Securities and Exchange Commission was given legal papers regarding the transaction, and this documentation was subsequently uploaded to the SEC website.
The company’s insiders own 0.17 percent of the total number of shares outstanding.
Recently, several hedge funds have modified the processes by which they invest in the company to reflect recent developments. Wipfli Financial Advisors LLC made a new investment in Fox Factory during the third quarter of the fiscal year.
This investment was estimated to be worth somewhere around $26,000.
During the third quarter, the National Bank of Canada Financial Institutions brought their total ownership of Fox Factory up to 63.4% from its previous level. National Bank of Canada FI now has 335 shares, collectively worth a sum equal to $26,000, after purchasing an additional 130 shares during the most recent quarter.
These 335 shares were acquired by purchasing additional shares during the most recent quarter.
During the first three months of this year, Covestor Ltd increased the amount of Fox Factory stock owned by 58.4%, bringing its total ownership percentage to 100%.
After purchasing an additional 132 shares during the relevant period, Covestor Ltd now owns 358 shares of the company’s stock, with an aggregate value of $35,000.
This brings the total number of shares owned by the company to 358.
During the third quarter, Quadrant Capital Group LLC completed the final steps necessary to increase its ownership of Fox Factory by 98.8 percent. Following the acquisition of an additional 238 shares throughout the time frame in question, Quadrant Capital Group LLC now holds 479 shares of the company’s stock, which have a value of $38,000.
Lazard Asset Management LLC made a fresh investment in Fox Factory during the first three months of this year.
About $69,000 was exchanged in the course of this business transaction.
Institutional investors and hedge funds collectively own 98.71% of the total number of shares in the company, making up the majority of shareholders.
Recently, numerous analyst reports have covered FOXF as a topic of discussion.
In a report distributed on Tuesday, March 7, TheStreet gave Fox Factory a rating of “b,” which is an improvement from its previous grade of “c-.” Truist Financial announced, in a research report made public on Friday, February 24, that they had raised their target price for Fox Factory stock from $115.00 to $125.00.
The previous price target was $115.00. Robert W.
Baird increased their price target for Fox Factory from $100 to $120.00 in research made public on February 24.
It was decided to publish the report.
The rating agency also placed a rating of “neutral” on the company’s shares.
In a research report released on Monday, December 5, Jefferies Financial Group announced that they had raised their price objective on Fox Factory stock from $120.00 to $135.00.
The previous price objective for the stock was $120.00.
The price target that Stifel Nicolaus has set for the Fox Factory share price has increased from $115.00 to $133.00, as stated in a report that was made public on Monday, December 5.
This was the third and final change, and it was also the most significant.
The stock has been assigned a buy rating by three equity research professionals, while two analysts have assigned it a hold rating.
The data that Bloomberg provided indicates that the average recommendation for the company is a “Moderate Buy,” and the current consensus target price is $128.25.
Beginning for $113.96 per share on Monday, FOXF stock trading began.
According to our calculations, the company has a market capitalization of $4.82 billion, and its PE ratio comes in at 23.55.
Its PEG ratio is 1.91, and it’s beta and PEG ratios are 1.91.
Its PEG ratio is 1.91.
The company’s moving average price over the past 50 days is $113.42, while the moving average price over the past 200 days is $99.33.
The quick ratio is 1.73, the current ratio is 3.08, and the debt-to-equity ratio is 0.18.
All of these numbers are relative to the liquidity of the company.
These numbers should be interpreted in the context of the company’s liquidity.
During the past year, the share price of Fox Factory Holding Corp. has ranged from a low of $69.28 to a high of $127.54 per share.
On February 23, Fox Factory (NASDAQ: FOXF) shared information regarding its most recent quarterly results release with the public.
The quarterly earnings per share for the company came in at $1.43, which was $0.21 higher than the consensus estimate of $1.22 per share.
The return on equity for Fox Factory was calculated to be 22.55%, while the net margin for the company was 12.81%.
The company’s performance for the quarter resulted in actual revenue of $408.60 million, whereas the consensus estimate among analysts was $383.86 million. Compared to the previous year’s results for the same period, the company posted a profit of $1.06 per share. When measured against the same period in the prior year, the company’s quarterly revenue was found to have increased by 19.4%.
Most market analysts anticipate that Fox Factory Holding INC will end the current fiscal year with earnings of $5.33 per share, bringing the company to a successful conclusion.
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