Geneva Capital Management LLC Has $22.68 Million Stock Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Geneva Capital Management LLC cut its position in Fox Factory Holding Corp. (NASDAQ:FOXF) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 546,567 shares of the company’s stock after selling 5,011 shares during the period. Geneva Capital Management LLC owned 1.31% of Fox Factory worth $22,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Texas Permanent School Fund Corp lifted its holdings in shares of Fox Factory by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 37,006 shares of the company’s stock worth $1,927,000 after purchasing an additional 395 shares in the last quarter. SG Americas Securities LLC bought a new position in Fox Factory in the 1st quarter valued at about $612,000. Sei Investments Co. increased its holdings in Fox Factory by 6.9% during the 1st quarter. Sei Investments Co. now owns 223,173 shares of the company’s stock worth $11,621,000 after purchasing an additional 14,328 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Fox Factory by 20.0% in the first quarter. Inspire Investing LLC now owns 6,785 shares of the company’s stock worth $353,000 after purchasing an additional 1,129 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Fox Factory by 851.1% during the first quarter. Headlands Technologies LLC now owns 3,367 shares of the company’s stock valued at $175,000 after buying an additional 3,013 shares during the last quarter.

Fox Factory Stock Down 4.1 %

Shares of NASDAQ FOXF opened at $33.35 on Wednesday. The business has a 50-day simple moving average of $38.68 and a two-hundred day simple moving average of $42.99. Fox Factory Holding Corp. has a 52 week low of $31.19 and a 52 week high of $70.13. The company has a market cap of $1.39 billion, a P/E ratio of 128.27, a P/E/G ratio of 2.83 and a beta of 1.65. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

Fox Factory (NASDAQ:FOXF) last posted its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. The firm had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $366.86 million. During the same quarter in the prior year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts anticipate that Fox Factory Holding Corp. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

FOXF has been the topic of several recent analyst reports. Robert W. Baird dropped their price objective on Fox Factory from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. B. Riley dropped their target price on shares of Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Bank of America reduced their price objective on Fox Factory from $53.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Roth Mkm cut their price target on Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Truist Financial decreased their price objective on Fox Factory from $54.00 to $42.00 and set a “buy” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.50.

About Fox Factory

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.