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Operator
Good afternoon, ladies and gentlemen. And thank you for standing by. Welcome to the Fox Factory Holding Corporation s First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note this conference is being recorded.
I d now like to turn the conference over to your host, Vivek Bhakuni, Director of Investor Relations and Business Development. Thank you, sir. You may begin.
Vivek Bhakuni
Director, Investor Relations & Business Development
Thank you. Good afternoon, and welcome to Fox Factory s first quarter 2021 earnings conference call. I m joined today by Mike Dennison, our Chief Executive Officer; and Scott Humphrey, our Chief Financial Officer and Treasurer.
Is Fox Factory Holding Corp. (FOXF) A Smart Long-Term Buy?
Conestoga Capital Advisors, a boutique, independent investment management firm, published its fourth-quarter 2020 ‘Small Cap Growth & SMid Cap Growth’ Investor Letter – a copy of which can be downloaded here. A net return of 31% was recorded by Conestoga’s Small Cap Growth fund and 19.72% return by its SMid Cap Growth Fund for the the end year 2020. Both performed below their Russell 2000 Growth and Russell 2500 Growth benchmarks that delivered a 34.63% and 25.89% return respectively. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Conestoga Capital Advisors, in their Q4 2020 investor letter, emphasized that Fox Factory Holding Corp. (NASDAQ: FOXF) is among their Small Cap Growth Fund’s top 5 leaders. Fox Factory Holding Corp. is a Braselton, Georgia-based company that designs and manufactures performance ride dynamics products. It currently has a $5.2 billion market capitaliza
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