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Fox Factory Holding Corp (FOXF) Is Down -22.84% in 2024 With Lots of Room to Run

Fox Factory Holding Corp (NASDAQ: FOXF) is -22.84% lower on its value in year-to-date trading and has touched a low of $44.10 and a high of $125.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FOXF stock was last observed hovering at around $50.19 in the last trading session, with the day’s gains setting it 1.88%.

Currently trading at $52.07, the stock is 4.58% and -9.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 3.75% at the moment leaves the stock -36.00% off its SMA200. FOXF registered -56.88% loss for a year compared to 6-month loss of -45.53%. The firm has a 50-day simple moving average (SMA 50) of $1.95 and a 200-day simple moving average (SMA200) of $13.21.

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The stock witnessed a 3.54% gain in the last 1 month and extending the period to 3 months gives it a -23.89%, and is 5.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.98% over the week and 3.84% over the month.

Fox Factory Holding Corp (FOXF) has around 4300 employees, a market worth around $2.18B and $1.46B in sales. Current P/E ratio is 18.31 and Fwd P/E is 13.45. Profit margin for the company is 8.25%. Distance from 52-week low is 18.07% and -58.37% from its 52-week high. The company has generated returns on investments over the last 12 months (5.94%).

Fox Factory Holding Corp quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $328.78M over the same period.The EPS is expected to shrink by -38.54% this year, but quarterly earnings will post 6.80% year-over-year. Quarterly sales are estimated to shrink -16.60% in year-over-year returns.

Fox Factory Holding Corp (FOXF) Top Institutional Holders

418 institutions hold shares in Fox Factory Holding Corp (FOXF), with institutional investors hold 103.18% of the company’s shares. The shares outstanding are 41.95M, and float is at 41.83M with Short Float at 4.37%. Institutions hold 102.79% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 5.11 million shares valued at $554.62 million. The investor’s holdings represent 12.06% of the FOXF Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 4.21 million shares valued at $457.18 million to account for 9.94% of the shares outstanding. The other top investors are Kayne Anderson Rudnick Investment Management LLC which holds 3.64 million shares representing 8.60% and valued at over $395.24 million, while Wasatch Advisors LP holds 7.00% of the shares totaling 2.96 million with a market value of $321.59 million.

Fox Factory Holding Corp (FOXF) Insider Activity

The most recent transaction is an insider sale by DUNCAN THOMAS E.,the company’sDirector. SEC filings show that DUNCAN THOMAS E. sold 1,427 shares of the company’s common stock on Sep 01 ’23 at a price of $111.91 per share for a total of $0.16 million. Following the sale, the insider now owns 8559.0 shares.

Fox Factory Holding Corp disclosed in a document filed with the SEC on Aug 25 ’23 that Stecher Paul ( (A)) sold a total of 2,300 shares of the company’s common stock. The trade occurred on Aug 25 ’23 and was made at $107.00 per share for $0.25 million. Following the transaction, the insider now directly holds 16360.0 shares of the FOXF stock.

Still, SEC filings show that on Aug 10 ’23, DENNISON MICHAEL C. (Chief Executive Officer) disposed off 9,129 shares at an average price of $114.00 for $1.04 million. The insider now directly holds 70,795 shares of Fox Factory Holding Corp (FOXF).

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