Published on 28 May 2024 on Insider Monkey via Yahoo Finance
Fox Factory Holding Corp. (FOXF) Fell Following Earnings Update
Baron Funds, an investment management company, released its “Baron Small Cap Fund” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. A general sense of optimism was prevalent in the market, driven by the conviction that the economy remained robust, inflation was moderating, and rate cuts were anticipated shortly. Baron Small Cap Fund had an outstanding first quarter and performed well ahead of the Russell 2000 Growth Index (the Benchmark). The fund returned 11.81% (Institutional Shares) in the quarter while the benchmark returned 7.58%. One-third of the benchmark’s performance was driven by the anomalous performance of one stock, Super Micro Computer, Inc, which tripled in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Baron Small Cap Fund highlighted stocks like Fox Factory Holding Corp. (NASDAQ:FOXF), in the first quarter 2024 investor letter. Fox Factory Holding Corp. (NASDAQ:FOXF) designs, engineers, manufactures, and markets performance-defining products and systems. The one-month return of Fox Factory Holding Corp. (NASDAQ:FOXF) was 11.11%, and its shares lost 51.80% of their value over the last 52 weeks. On May 24, 2024, Fox Factory Holding Corp. (NASDAQ:FOXF) stock closed at $44.69 per share with a market capitalization of $1.86 billion