Geneva Capital Management LLC Sells 28,615 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Geneva Capital Management LLC lessened its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 517,952 shares of the company’s stock after selling 28,615 shares during the period. Geneva Capital Management LLC owned about 1.24% of Fox Factory worth $15,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KBC Group NV raised its stake in shares of Fox Factory by 36.5% during the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after acquiring an additional 368 shares in the last quarter. FORA Capital LLC raised its stake in shares of Fox Factory by 5.9% during the third quarter. FORA Capital LLC now owns 9,117 shares of the company’s stock valued at $378,000 after acquiring an additional 507 shares in the last quarter. Diversify Wealth Management LLC raised its stake in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after buying an additional 680 shares in the last quarter. Victory Capital Management Inc. raised its stake in Fox Factory by 1.8% in the third quarter. Victory Capital Management Inc. now owns 42,891 shares of the company’s stock worth $1,780,000 after buying an additional 772 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Fox Factory by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,972 shares of the company’s stock worth $455,000 after buying an additional 785 shares in the last quarter.

Fox Factory Price Performance

NASDAQ:FOXF opened at $26.67 on Thursday. Fox Factory Holding Corp. has a one year low of $25.17 and a one year high of $54.86. 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 firm has a market cap of $1.11 billion, a price-to-earnings ratio of 102.58, a PEG ratio of 1.45 and a beta of 1.58. The firm’s fifty day moving average is $27.74 and its two-hundred day moving average is $33.46.

Fox Factory (NASDAQ:FOXF) last issued 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. The business had revenue of $352.84 million during the quarter, compared to the consensus estimate of $321.31 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Research analysts expect that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FOXF. Robert W. Baird reduced their price objective 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. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, December 11th. Jefferies Financial Group reduced their price target on Fox Factory from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Truist Financial reduced their price target on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fox Factory currently has an average 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.