Fintel reports that BlackRock has filed a 13G form with the SEC disclosing ownership of 5.31MM shares of Fox Factory Holding Corp (FOXF). This represents 12.6% of the company.
In their previous filing dated January 27, 2022 they reported 5.16MM shares and 12.30% of the company, an increase in shares of 2.87% and an increase in total ownership of 0.30% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 10.64% Upside
As of January 27, 2023, the average one-year price target for Fox Factory Holding is $125.46. The forecasts range from a low of $101.00 to a high of $141.75. The average price target represents an increase of 10.64% from its latest reported closing price of $113.39.
The projected annual revenue for Fox Factory Holding is $1,700MM, an increase of 10.66%. The projected annual EPS is $5.93, an increase of 31.75%.
Fund Sentiment
There are 654 funds or institutions reporting positions in Fox Factory Holding. This is an increase of 22 owner(s) or 3.48%.
Average portfolio weight of all funds dedicated to US:FOXF is 0.2797%, an increase of 3.2041%. Total shares owned by institutions decreased in the last three months by 0.14% to 58,534K shares.
What are large shareholders doing?
Kayne Anderson Rudnick Investment Management holds 3,911,712 shares representing 9.25% ownership of the company. In it's prior filing, the firm reported owning 4,010,541 shares, representing a decrease of 2.53%. The firm increased its portfolio allocation in FOXF by 0.63% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 2,752,978 shares representing 6.51% ownership of the company. In it's prior filing, the firm reported owning 2,827,978 shares, representing a decrease of 2.72%. The firm increased its portfolio allocation in FOXF by 6.29% over the last quarter.
Neuberger Berman Group holds 2,654,331 shares representing 6.28% ownership of the company. In it's prior filing, the firm reported owning 2,603,207 shares, representing an increase of 1.93%. The firm increased its portfolio allocation in FOXF by 4.01% over the last quarter.
William Blair Investment Management holds 1,655,884 shares representing 3.92% ownership of the company. In it's prior filing, the firm reported owning 1,674,572 shares, representing a decrease of 1.13%. The firm increased its portfolio allocation in FOXF by 3.55% over the last quarter.
Conestoga Capital Advisors holds 1,655,059 shares representing 3.92% ownership of the company. In it's prior filing, the firm reported owning 1,663,556 shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in FOXF by 5.11% over the last quarter.
Fox Factory Holding Background Information
(This description is provided by the company.)
Fox Factory Holding Corp. designs and manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. The Company is a direct supplier to leading powered vehicle OEMs. Additionally, the Company supplies top bicycle OEMs and their contract manufacturers, and provides aftermarket products to retailers and distributors.
This story originally appeared on Fintel.
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