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

Geneva Capital Management LLC lessened its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,125,462 shares of the company’s stock after selling 18,771 shares during the quarter. Fox Factory makes up about 1.4% of Geneva Capital Management LLC’s portfolio, making the stock its 25th largest holding. Geneva Capital Management LLC’s holdings in Fox Factory were worth $75,946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Fox Factory by 46.2% during the third quarter. FMR LLC now owns 1,136,720 shares of the company’s stock worth $112,626,000 after buying an additional 359,168 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Fox Factory in the third quarter valued at approximately $27,247,000. Comerica Bank acquired a new stake in shares of Fox Factory in the third quarter valued at approximately $10,089,000. Van Berkom & Associates Inc. lifted its position in Fox Factory by 15.6% during the third quarter. Van Berkom & Associates Inc. now owns 692,538 shares of the company’s stock worth $68,617,000 after buying an additional 93,378 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Fox Factory by 38.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 174,174 shares of the company’s stock worth $17,257,000 after buying an additional 48,495 shares during the last quarter.

Fox Factory Stock Up 3.9 %

Shares of NASDAQ:FOXF traded up $1.79 on Thursday, hitting $47.46. 1,037,165 shares of the company’s stock were exchanged, compared to its average volume of 630,433. The firm’s 50-day moving average is $46.13 and its 200 day moving average is $58.60. The company has a market capitalization of $1.98 billion, a PE ratio of 26.51, a P/E/G ratio of 3.66 and a beta of 1.68. Fox Factory Holding Corp. has a 1-year low of $37.98 and a 1-year high of $117.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 3.43.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The business had revenue of $333.50 million during the quarter, compared to the consensus estimate of $327.58 million. Fox Factory had a net margin of 5.41% and a return on equity of 10.56%. The company’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. Sell-side analysts predict that Fox Factory Holding Corp. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their price target on Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Robert W. Baird dropped their price target on shares of Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Roth Mkm decreased their price objective on Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. B. Riley reduced their target price on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, Truist Financial lowered their price target on Fox Factory from $60.00 to $50.00 and set a “buy” rating for the company in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.83.

Fox Factory 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.