Peregrine Capital Management LLC Reduces Position in Fox Factory Holding Corp. (NASDAQ:FOXF)

Peregrine Capital Management LLC lessened its stake in shares of Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,119 shares of the company’s stock after selling 3,670 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.21% of Fox Factory worth $8,222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Brookstone Capital Management raised its holdings in shares of Fox Factory by 5.4% during the fourth quarter. Brookstone Capital Management now owns 4,762 shares of the company’s stock valued at $467,000 after acquiring an additional 246 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Fox Factory by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 456,397 shares of the company’s stock valued at $36,090,000 after acquiring an additional 2,638 shares in the last quarter. Aurora Investment Counsel bought a new position in shares of Fox Factory during the third quarter valued at approximately $369,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Fox Factory during the third quarter valued at approximately $2,101,000. Finally, FourThought Financial LLC raised its holdings in shares of Fox Factory by 87.4% during the third quarter. FourThought Financial LLC now owns 7,421 shares of the company’s stock valued at $587,000 after acquiring an additional 3,460 shares in the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price objective on Fox Factory from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, February 24th. Truist Financial raised their price target on Fox Factory from $115.00 to $125.00 in a report on Friday, February 24th. Stifel Nicolaus raised their price target on Fox Factory from $115.00 to $133.00 in a report on Monday, December 5th. Jefferies Financial Group dropped their price objective on Fox Factory from $145.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday. Finally, StockNews.com initiated coverage on Fox Factory in a research report on Thursday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.25.

Fox Factory Trading Down 1.3 %

Shares of NASDAQ:FOXF opened at $115.24 on Friday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.95 and a beta of 1.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.73 and a current ratio of 3.08. The stock’s 50-day simple moving average is $115.75 and its two-hundred day simple moving average is $99.99. Fox Factory Holding Corp. has a 52-week low of $69.28 and a 52-week high of $127.54.

Fox Factory (NASDAQ:FOXF – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.22 by $0.21. Fox Factory had a return on equity of 22.55% and a net margin of 12.81%. The firm had revenue of $408.60 million for the quarter, compared to the consensus estimate of $383.86 million. During the same quarter last year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts expect that Fox Factory Holding Corp. will post 5.35 EPS for the current year.

Insider Activity at Fox Factory

In related news, CEO Michael C. Dennison sold 7,500 shares of Fox Factory stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $115.00, for a total transaction of $862,500.00. Following the sale, the chief executive officer now owns 62,701 shares of the company’s stock, valued at approximately $7,210,615. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by corporate insiders.

Fox Factory Company Profile

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Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and on-road vehicles with off-road capabilities, off-road vehicles and trucks, all – terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles.