Fox Factory Holding Corp. (NASDAQ:FOXF) Short Interest Update

Fox Factory Holding Corp. (NASDAQ:FOXF) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 2,230,000 shares, a drop of 20.9% from the December 15th total of 2,820,000 shares. Based on an average trading volume of 710,400 shares, the days-to-cover ratio is currently 3.1 days. Approximately 5.4% of the company’s stock are short sold.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Robert W. Baird reduced their price target on Fox Factory from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Truist Financial reduced their price target on Fox Factory from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Roth Mkm lowered their price objective on shares of Fox Factory from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Stifel Nicolaus upgraded Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Fox Factory by 86.0% during the third quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after acquiring an additional 277 shares in the last quarter. Signaturefd LLC lifted its holdings in Fox Factory by 301.1% during the 3rd quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 545 shares in the last quarter. nVerses Capital LLC bought a new position in Fox Factory in the 3rd quarter worth about $42,000. KBC Group NV grew its holdings in Fox Factory by 36.5% during the 3rd quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after buying an additional 368 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Fox Factory by 734.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,654 shares of the company’s stock valued at $128,000 after buying an additional 2,336 shares during the period.

Fox Factory Stock Performance

FOXF traded up $0.35 during midday trading on Thursday, reaching $28.55. The company had a trading volume of 434,952 shares, compared to its average volume of 471,935. The business has a 50-day moving average price of $31.01 and a two-hundred day moving average price of $38.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.62 and a current ratio of 3.21. Fox Factory has a 12-month low of $26.76 and a 12-month high of $69.46. The stock has a market cap of $1.19 billion, a PE ratio of 109.81, a P/E/G ratio of 1.53 and a beta of 1.60.

Fox Factory (NASDAQ:FOXF) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $359.10 million for the quarter, compared to analysts’ expectations of $366.86 million. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. Fox Factory’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. On average, sell-side analysts expect that Fox Factory will post 1.31 earnings per share for the current fiscal year.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.