Polen Capital Management LLC lowered its position in Fox Factory Holding Corp. (NASDAQ:FOXF - Free Report) by 39.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,273 shares of the company's stock after selling 27,450 shares during the period. Polen Capital Management LLC owned 0.10% of Fox Factory worth $1,249,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV lifted 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 purchasing an additional 368 shares in the last quarter. Diversify Wealth Management LLC lifted 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 purchasing an additional 680 shares in the last quarter. HighTower Advisors LLC lifted 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 purchasing an additional 1,131 shares in the last quarter. Inceptionr LLC purchased a new position in Fox Factory in the 4th quarter valued at $249,000. Finally, D.B. Root & Company LLC lifted its holdings in Fox Factory by 45.2% in the 4th quarter. D.B. Root & Company LLC now owns 8,801 shares of the company's stock valued at $266,000 after purchasing an additional 2,741 shares in the last quarter.
Analyst Ratings Changes
A number of brokerages have issued reports on FOXF. Robert W. Baird cut their target price on 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 Fox Factory from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Truist Financial cut their target price on Fox Factory from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus raised Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group cut their target price on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $39.14.
Read Our Latest Research Report on FOXF
Fox Factory Trading Down 2.0 %
Shares of NASDAQ:FOXF traded down $0.51 during midday trading on Thursday, reaching $24.90. 424,379 shares of the company's stock were exchanged, compared to its average volume of 625,687. The firm's 50 day simple moving average is $26.81 and its two-hundred day simple moving average is $32.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 95.77, a P/E/G ratio of 1.45 and a beta of 1.65. Fox Factory Holding Corp. has a fifty-two week low of $23.91 and a fifty-two week high of $54.86.
Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The company had revenue of $352.84 million during the quarter, compared to analysts' expectations of $321.31 million. As a group, sell-side analysts forecast that Fox Factory Holding Corp. will post 1.31 EPS for the current fiscal year.
About Fox Factory
(
Free Report)
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.
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