Polen Capital Management LLC Sells 27,450 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

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 the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,273 shares of the company’s stock after selling 27,450 shares during the period. Polen Capital Management LLC’s holdings in Fox Factory were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. KBC Group NV lifted its stake 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 acquiring an additional 368 shares in the last quarter. Diversify Wealth Management LLC raised its position in shares of Fox Factory by 10.1% in the fourth 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 during the period. HighTower Advisors LLC grew its position in shares of Fox Factory by 23.8% in the third 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 during the last quarter. Inceptionr LLC acquired a new stake in shares of Fox Factory during the fourth quarter worth $249,000. Finally, D.B. Root & Company LLC boosted 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 during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus upgraded shares of Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, December 11th. 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 dropped their price target 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. Truist Financial lowered 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. Finally, Robert W. Baird reduced 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fox Factory presently has an average rating of “Hold” and a consensus target price of $39.14.

Fox Factory Stock Performance

NASDAQ FOXF opened at $24.80 on Monday. The company has a 50-day simple moving average of $27.08 and a 200 day simple moving average of $32.64. Fox Factory Holding Corp. has a 52-week low of $23.91 and a 52-week high of $54.86. The company has a market capitalization of $1.03 billion, a PE ratio of 95.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21.

Fox Factory (NASDAQ:FOXF) last issued its earnings results 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. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The business had revenue of $352.84 million for the quarter, compared to analysts’ expectations of $321.31 million. On average, research analysts predict that Fox Factory Holding Corp. will post 1.31 EPS for the current year.

Fox Factory 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.