Geneva Capital Management LLC Sells 18,771 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Geneva Capital Management LLC reduced its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 holdings, making the stock its 25th largest position. Geneva Capital Management LLC owned about 2.66% of Fox Factory worth $75,946,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FirstPurpose Wealth LLC raised its stake in Fox Factory by 6.7% in the 3rd quarter. FirstPurpose Wealth LLC now owns 2,907 shares of the company’s stock valued at $288,000 after acquiring an additional 183 shares during the period. Mariner LLC lifted its stake in shares of Fox Factory by 5.1% during the 3rd quarter. Mariner LLC now owns 4,491 shares of the company’s stock valued at $445,000 after buying an additional 216 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Fox Factory by 11.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,167 shares of the company’s stock worth $215,000 after buying an additional 217 shares during the period. CWM LLC grew its stake in Fox Factory by 54.1% in the 4th quarter. CWM LLC now owns 624 shares of the company’s stock valued at $42,000 after buying an additional 219 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in Fox Factory by 8.1% during the 3rd quarter. Inspire Investing LLC now owns 3,111 shares of the company’s stock valued at $308,000 after acquiring an additional 234 shares during the period.

Fox Factory Price Performance

FOXF stock traded up $1.79 during midday trading on Thursday, reaching $47.46. The company had a trading volume of 1,037,165 shares, compared to its average volume of 630,433. The firm has a 50-day moving average price of $46.13 and a 200-day moving average price of $58.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.43 and a quick ratio of 1.85. The company has a market capitalization of $1.98 billion, a P/E 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.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $333.50 million for the quarter, compared to the consensus estimate of $327.58 million. Fox Factory had a return on equity of 10.56% and a net margin of 5.41%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. On average, research analysts anticipate that Fox Factory Holding Corp. will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FOXF shares. Robert W. Baird reduced their price target on Fox Factory from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Stifel Nicolaus decreased their price target on Fox Factory from $56.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. B. Riley cut their price objective on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Roth Mkm decreased their target price on shares of Fox Factory from $55.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Truist Financial cut their price target on shares of 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 assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.83.

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.