Fox Factory Holding Corp. (NASDAQ:FOXF) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC decreased its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 517,952 shares of the company’s stock after selling 28,615 shares during the period. Geneva Capital Management LLC’s holdings in Fox Factory were worth $15,678,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV raised its holdings in Fox Factory by 36.5% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after acquiring an additional 368 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Fox Factory by 10.1% in the 4th quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock valued at $207,000 after acquiring an additional 680 shares during the last quarter. HighTower Advisors LLC raised its holdings in Fox Factory by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,880 shares of the company’s stock valued at $243,000 after acquiring an additional 1,131 shares during the last quarter. Inceptionr LLC acquired a new stake in Fox Factory in the 4th quarter valued at about $249,000. Finally, D.B. Root & Company LLC raised its holdings in Fox Factory by 24.7% in the 3rd quarter. D.B. Root & Company LLC now owns 6,060 shares of the company’s stock valued at $251,000 after acquiring an additional 1,199 shares during the last quarter.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $26.67 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. The stock has a market capitalization of $1.11 billion, a P/E ratio of 102.58, a PEG ratio of 1.45 and a beta of 1.58. The company has a 50 day moving average price of $27.74 and a 200 day moving average price of $33.46. Fox Factory Holding Corp. has a fifty-two week low of $25.17 and a fifty-two week high of $54.86.

Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. Equities research analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Fox Factory from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Jefferies Financial Group dropped their price target on shares of Fox Factory from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Truist Financial dropped their price target on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Stifel Nicolaus raised shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Fox Factory currently has a consensus rating of “Hold” and an average target price of $39.14.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.