November 23, 2016 - By Winifred Garcia
Yesterday, a large insider trading deal was made. Compass Group Diversified Holdings Llc, an insider of Fox Factory Holding Corp unloaded precisely 3,500,000 shares of Fox Factory Holding Corp, worth nearly $71,785,000 U.S Dollars, at $20.5 for share at the time of the deal. The trade was enormous and not likely to remain undiscovered. Compass Group Diversified Holdings Llc today has in hand 13.39% of the Company’s market cap with ownership of 5.11 million shares. Dated 23/11/2016 the deal filing is accessible here.
Out of 2 analysts covering Fox Factory Holding Corp. (NASDAQ:FOXF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $26 is the highest target while $24 is the lowest. The $25 average target is -0.79% below today’s ($25.2) stock price. Fox Factory Holding Corp. has been the topic of 2 analyst reports since August 4, 2016 according to StockzIntelligence Inc. The rating was maintained by SunTrust on Thursday, August 4 with “Buy”. Jefferies initiated the stock with “Buy” rating in Friday, September 30 report.
Insitutional Activity: The institutional sentiment increased to 2.53 in 2016 Q2. Its up 1.12, from 1.41 in 2016Q1. The ratio is positive, as 12 funds sold all Fox Factory Holding Corp shares owned while 25 reduced positions. 17 funds bought stakes while 35 increased positions. They now own 21.17 million shares or 5.64% more from 20.04 million shares in 2016Q1.
Argent Cap Mgmt Ltd Liability Com last reported 0.1% of its portfolio in the stock. D E Shaw &, a New York-based fund reported 29,005 shares. Alliancebernstein L P accumulated 0% or 11,200 shares. Nbw Capital Llc holds 207,066 shares or 1.1% of its portfolio. Alps Advisors holds 25,221 shares or 0% of its portfolio. Morgan Stanley has 19,045 shares for 0% of their US portfolio. Redmond Asset Mngmt holds 31,136 shares or 0.27% of its portfolio. Glenmede Na has 850 shares for 0% of their US portfolio. Product Prtn Limited Company accumulated 19,647 shares or 0.03% of the stock. Moreover, Teacher Retirement System Of Texas has 0% invested in Fox Factory Holding Corp (NASDAQ:FOXF) for 3,070 shares. Tompkins Financial reported 25 shares or 0% of all its holdings. First Ltd Partnership accumulated 10,626 shares or 0% of the stock. Tower Rech Ltd Liability Corporation (Trc) owns 509 shares or 0% of their US portfolio. Moreover, Blackrock Gp has 0% invested in Fox Factory Holding Corp (NASDAQ:FOXF) for 7,461 shares. Vanguard Gru accumulated 0% or 730,708 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 1 insider sale for $603,525 net activity. On Monday, August 8 Glasman Zvi sold $603,525 worth of the stock or 30,000 shares.
About 942,695 shares traded hands or 181.91% up from the average. Fox Factory Holding Corp (NASDAQ:FOXF) has risen 44.72% since April 21, 2016 and is uptrending. It has outperformed by 39.39% the S&P500.
Fox Factory Holding Corp. designs, engineers, makes and markets performance ride dynamics products for clients across the world. The company has a market cap of $974.36 million. The Company’s brand ride dynamics products are used primarily on bicycles , side-by-side vehicles (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. It has a 29.29 P/E ratio. The Company’s brands include FOX, FOX RACING SHOX and RACE FACE.
According to Zacks Investment Research, “Fox Factory Holding Corp. is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles, off-road vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles. Fox Factory Holding Corp. is headquartered in California.”
Analysts await Fox Factory Holding Corp (NASDAQ:FOXF) to report earnings on March, 6. They expect $0.30 earnings per share, up 20.00% or $0.05 from last year’s $0.25 per share. FOXF’s profit will be $11.60 million for 21.00 P/E if the $0.30 EPS becomes a reality. After $0.44 actual earnings per share reported by Fox Factory Holding Corp for the previous quarter, Wall Street now forecasts -31.82% negative EPS growth.
More notable recent Fox Factory Holding Corp (NASDAQ:FOXF) news were published by: Zacks.com which released: “Compass Diversified Partially Divests Fox Factory Shares” on November 23, 2016, also Globenewswire.com with their article: “Fox Factory Holding Corp. Receives CPSC Approval to Begin Its Recall Program ..” published on November 01, 2016, Reuters.com published: “BRIEF-Fox Factory Holding Corp announces secondary public offering” on November 16, 2016. More interesting news about Fox Factory Holding Corp (NASDAQ:FOXF) were released by: Prnewswire.com and their article: “Compass Diversified Holdings Announces Partial Divestiture of Fox Factory ..” published on March 16, 2016 as well as Prnewswire.com‘s news article titled: “Compass Diversified Holdings Announces Partial Divestiture of Fox Factory ..” with publication date: August 15, 2016.
Fox Factory Holding Corp., incorporated on December 28, 2007, designs, engineers, makes and markets performance ride dynamics products for clients across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (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. The Company’s brands include FOX, FOX RACING SHOX and RACE FACE. The Company’s products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and FLOAT iCD, which provides riders the ability to adjust modes for different skills, terrains and activity levels on mountain bikes.
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