Fox Factory Holding CorpFOXF
Market Cap: 2.17B
About: Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used predominantly on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North America and also has a presence in Asia, Europe, and the Rest of the World.
Employees: 4,300
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 0 [Q4 2023] → 2 (+2) [Q1 2024]
48% more call options, than puts
Call options by funds: $7.11M | Put options by funds: $4.81M
26% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 90
3.82% more ownership
Funds ownership: 99.18% [Q4 2023] → 102.99% (+3.82%) [Q1 2024]
5% less funds holding
Funds holding: 301 [Q4 2023] → 287 (-14) [Q1 2024]
21% less capital invested
Capital invested by funds: $2.84B [Q4 2023] → $2.25B (-$585M) [Q1 2024]
22% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 63
Research analyst outlook
10 Wall Street Analysts provided 1 year price forecasts over the past 6 months
10 analyst ratings
Truist Securities Michael Swartz | 6%upside $55 | Buy Maintained | 13 Jun 2024 |
B of A Securities Alexander Perry | 8%downside $48 | Neutral Maintained | 6 May 2024 |
B. Riley Securities Anna Glaessgen | 14%downside $45 | Neutral Maintained | 3 May 2024 |
Roth MKM Scott Stember | 14%downside $45 | Neutral Maintained | 3 May 2024 |
Truist Securities Michael Swartz | 4%downside $50 | Buy Maintained | 3 May 2024 |