B of A Securities Downgrades FOXF to Sell
B of A Securities lowers FOXF's rating to 'sell' with a $20 price target, a 10.56% upside from the current price.
Key Points
- B of A Securities downgraded FOXF to sell on June 30, 2026, setting a $20 price target.
- B of A Securities's $20 price target implies 10.56% upside from Fox Factory Holding Corp.'s ($FOXF) current $18.09 share price.
- Shares of FOXF traded near $18.09 on Tuesday, reflecting market reactions to the downgrade.
- Institutional activity shows Engine Capital increased its stake in FOXF by 162.3% to over 2 million shares.
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B of A Securities has downgraded FOXF to a 'sell' rating, setting a price target of $20. This move was made by analyst Alexander Perry on June 30, 2026. Shares of FOXF were trading near $18.09 on Tuesday, reflecting the market's response to this new rating.
B of A Securities vs. the S&P 500
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Other Institutional Activity in FOXF
Several institutional investors have made changes to their positions in FOXF. BlackRock, Inc. reduced its holdings by 179,564 shares, ending with about 6.3 million shares valued at approximately $103.6 million. RWWM, Inc. increased its stake by 247,635 shares, totaling around 5.5 million shares worth $91.1 million. Engine Capital Management, LP made a significant increase, adding 1,253,808 shares to hold a total of over 2 million shares valued at $33.4 million. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, each holding about 1.8 million shares valued around $29.9 million.
Fox Factory Holding Corp. Stock Down 12.0%
Shares of FOXF traded near $18.09 on Tuesday. Although the company's financial specifics such as market cap and P/E ratio were not provided, the stock's recent movements indicate a reaction to the latest analyst actions. Investors will be watching closely to see how the company's strategies align with these new evaluations.
$FOXF price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Fox Factory Holding Corp.
Several insiders at FOXF made notable transactions on May 8, 2026. Jean Hlay, Douglas Grimm, Elizabeth Fetter, Alan Lee Bazaar, Sidney Johnson, and Thomas Duncan each bought 8,989 shares. These transactions were not conducted under a Rule 10b5-1 plan, showing direct insider interest in the company's stock.
Analysts Set New Price Targets
On June 30, 2026, B of A Securities downgraded FOXF to a 'sell' rating with a $20 price target. Roth Capital maintained a 'hold' rating with a $19 target earlier this year on January 6. Stifel and Truist Securities have previously maintained 'buy' ratings with targets of $36 and $34, respectively, indicating varied perspectives on the stock's potential.
Bottom Line
B of A Securities' downgrade of FOXF to a 'sell' suggests a shift in sentiment towards the company. While the stock traded near $18.09 on the day of the announcement, institutional and insider activity indicates ongoing interest and confidence in the company's future. As always, 13F filings and analyst ratings provide historical insights and are not necessarily indicative of current or future positions.
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