Fox Factory Holding Corp (NASDAQ:FOXF) insider Christopher Tutton sold 1,128 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $109.00, for a total transaction of $122,952.00. Following the completion of the sale, the insider now directly owns 25,734 shares in the company, valued at approximately $2,805,006. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
FOXF stock traded down $0.73 on Friday, hitting $106.13. 245,203 shares of the company were exchanged, compared to its average volume of 342,647. Fox Factory Holding Corp has a twelve month low of $34.58 and a twelve month high of $113.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.23 and a quick ratio of 2.97. The business’s fifty day moving average is $92.85 and its two-hundred day moving average is $69.47. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 57.06, a price-to-earnings-growth ratio of 3.06 and a beta of 1.77.
Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.28 by $0.22. Fox Factory had a net margin of 9.53% and a return on equity of 20.91%. Equities research analysts expect that Fox Factory Holding Corp will post 2.54 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of FOXF. Blue Square Asset Management LLC acquired a new position in Fox Factory during the second quarter worth approximately $108,000. Strs Ohio increased its position in Fox Factory by 68.8% during the first quarter. Strs Ohio now owns 2,700 shares of the company’s stock worth $113,000 after purchasing an additional 1,100 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in Fox Factory by 115.3% during the first quarter. C M Bidwell & Associates Ltd. now owns 2,708 shares of the company’s stock worth $114,000 after purchasing an additional 1,450 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Fox Factory during the first quarter worth approximately $129,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Fox Factory by 48.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,393 shares of the company’s stock worth $143,000 after purchasing an additional 1,112 shares during the last quarter.
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FOXF has been the topic of several recent research reports. TheStreet raised shares of Fox Factory from a “c+” rating to a “b-” rating in a report on Thursday, August 6th. Stifel Nicolaus boosted their price objective on shares of Fox Factory from $84.00 to $97.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Berenberg Bank lowered shares of Fox Factory from a “buy” rating to a “hold” rating in a research report on Tuesday, May 19th. CJS Securities lowered shares of Fox Factory from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Finally, BidaskClub raised shares of Fox Factory from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $86.20.
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.
See Also: Net Income
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7 Stocks That Don’t Care Who Wins the Election
Many investors confuse volatility in an election year with the market performance during an election year. Historically, investors don’t care all that much who wins the election.
There is historical evidence that the market will rise after a Republican wins and dip after a Democrat wins. But that same evidence suggests that those trends flip in the first year of a presidency. It just proves that there’s a difference between campaigning and governing.
What can be different is where investors choose to make their money. It’s very clear that certain sectors perform better under a Republican administration than a Democrat administration. But that’s not the focus of this presentation.
Rather, we’re taking a look at companies, and stocks, that should profit no matter who occupies 1600 Pennsylvania Avenue. Some of these will be familiar names, but we’re trying not to be too obvious. Amazon (NASDAQ:AMZN) is a buy no matter who wins. You don’t need an article to tell you that.
And while I wouldn’t call this a list of “coronavirus stocks” the list has some resemblance. The fact is every major event in our nation’s history has a ripple effect. And technologies that we never imagined would become “a thing” become the most important thing in our lives.
