FOXF Stock Fair Value Calculator – Nuveen Asset Management LLC Increases Investment in Fox Factory Holding Corp.

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FOXF Stock Fair Value Calculator – Nuveen Asset Management LLC has recently increased its holdings in Fox Factory Holding ($NASDAQ:FOXF) Corp., a leader in the design and manufacturing of performance-defining ride dynamics products. The added investment in Fox Factory Holding Corp. shows Nuveen’s confidence in the company’s ability to produce quality products as well as meet their financial goals. Fox Factory Holding Corp. has a portfolio of brands that offer performance-defining ride dynamics products. Their products range from suspension, drivetrain, steering and brake components to electric mountain bikes, to name a few.

As a leader in the industry, the company has focused on the development of new technologies and sales expansion in the entertainment and recreational vehicle markets. This will help Fox Factory Holding Corp. compete more effectively against its competitors and expand their presence in the marketplace. The increased investment in Fox Factory Holding Corp. shows Nuveen’s confidence in the company’s ability to continue creating and producing innovative products as well as meeting their financial goals. With the added financial security, Fox Factory Holding Corp. is well positioned to remain a leader in the design and manufacturing of performance-defining ride dynamics products.

Stock Price

Nuveen Asset Management LLC has recently increased their investment in Fox Factory Holding Corp. The news has been positively received in the market, as on Friday, FOX FACTORY HOLDING stock opened at $121.1 and closed at $122.7, representing a 2.3% increase from the prior closing price of $119.9. This demonstrates strong investor confidence in the company and its future prospects. As the investment from Nuveen Asset Management signals their belief in the stock, other investors may be encouraged to invest as well. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FOXF. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FOXF. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FOXF. More…

Key Ratios Snapshot

Some of the financial key ratios for FOXF are shown below. More…

Analysis – FOXF Stock Fair Value Calculator

GoodWhale has conducted an analysis of FOX FACTORY HOLDING’s financials and concluded that the fair value of FOX FACTORY HOLDING shares is approximately $150.3, as estimated by our proprietary Valuation Line. This discrepancy presents a unique opportunity for potential investors to buy the stock at a bargain price. More…

Peers

The Company’s products are sold to original equipment manufacturers and aftermarket customers. Fox Factory Holding Corp was founded in 1974 and is headquartered in Scotts Valley, California. Hankook & Co is a South Korean company that manufactures and sells tires. The company was founded in 1941 as the Chosun Tire Company and changed its name to Hankook Tire in 1968. Hankook Tire has manufacturing plants in South Korea, China, Hungary, and Indonesia. The company sells its tires under the Hankook, Kumho, and Nexen brands. Federal Corp is a Taiwanese company that manufactures and sells tires. Federal Corp was founded in 1954 and is headquartered in Taipei, Taiwan. The company has manufacturing plants in Taiwan, China, and Thailand. Federal Corp sells its tires under the Federal, Achilles, and Atturo brands. PT Multistrada Arah Sarana Tbk is an Indonesian company that manufactures and sells tires. PT Multistrada Arah Sarana Tbk was founded in 1976 and is headquartered in Jakarta, Indonesia. The company has manufacturing plants in Indonesia and Vietnam. PT Multistrada Arah Sarana Tbk sells its tires under the Multistrada, Tristar, and Maxxis brands.

– Hankook & Co ($KOSE:000240)

Hankook & Co is a South Korean conglomerate with a market cap of 1.17T as of 2022. The company has a Return on Equity of 5.05%. Hankook & Co is involved in a variety of businesses including tires, chemicals, and auto parts. The company has a strong presence in South Korea and is a major player in the global market.

– Federal Corp ($TWSE:2102)

Federal Corp is a publicly traded company with a market capitalization of 8.5 billion as of 2022. The company has a negative return on equity of 13.91%. Federal Corp is engaged in the business of manufacturing and selling automotive parts and systems.

– PT Multistrada Arah Sarana Tbk ($IDX:MASA)

PT Multistrada Arah Sarana Tbk has a market cap of 18.64T as of 2022, a Return on Equity of 19.35%. The company is engaged in the manufacturing of passenger car radial tyres and motorcycle tyres in Indonesia. It also exports its products to over 60 countries worldwide.

Summary

Fox Factory Holding Corp. is an impressive stock to invest in. The company’s diverse portfolio of products and commitment to delivering powerful results has led to Nuveen Asset Management LLC increasing their investment in the stock. Currently, the stock is being seen as a strong buy and many analysts praise the potential upside that lies ahead. Fox Factory Holding Corp. has a great track record of rewarding their investors due to their regular introductions of innovative products and their well planned strategies.

Furthermore, their financial situation is strong and the outlook looks positive with high estimates of growth. This is a great stock to consider investing in if you want to reap the potential rewards.