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

Polen Capital Management LLC cut its holdings in shares of Fox Factory Holding Corp. (NASDAQ:FOXF) by 39.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,273 shares of the company’s stock after selling 27,450 shares during the quarter. Polen Capital Management LLC owned approximately 0.10% of Fox Factory worth $1,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its stake in Fox Factory by 0.4% during the third quarter. State Street Corp now owns 1,596,222 shares of the company’s stock valued at $66,243,000 after buying an additional 6,308 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fox Factory by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock worth $41,595,000 after purchasing an additional 8,474 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Fox Factory by 15.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 927,006 shares of the company’s stock worth $38,471,000 after purchasing an additional 127,187 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Fox Factory by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 622,745 shares of the company’s stock valued at $18,850,000 after purchasing an additional 73,110 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Fox Factory by 5.7% during the third quarter. Royce & Associates LP now owns 302,349 shares of the company’s stock valued at $12,547,000 after purchasing an additional 16,410 shares during the last quarter.

Fox Factory Stock Up 2.0 %

FOXF opened at $24.80 on Monday. Fox Factory Holding Corp. has a fifty-two week low of $23.91 and a fifty-two week high of $54.86. 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 company has a market capitalization of $1.03 billion, a P/E ratio of 95.39, a P/E/G ratio of 1.45 and a beta of 1.65. The firm’s fifty day moving average price is $27.08 and its two-hundred day moving average price is $32.64.

Fox Factory (NASDAQ:FOXF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $352.84 million during the quarter, compared to analysts’ expectations of $321.31 million. Fox Factory had a return on equity of 5.23% and a net margin of 0.78%. On average, analysts anticipate that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, December 11th. Robert W. Baird dropped their price target on Fox Factory from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. StockNews.com upgraded shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Jefferies Financial Group cut their price objective on shares of 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 target price on Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a 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 a consensus target price of $39.14.

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.