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

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

Fox Factory Stock Performance

Fox Factory stock traded up $0.34 on Thursday, hitting $28.26. The company’s stock had a trading volume of 355,065 shares, compared to its average volume of 437,103. The company has a fifty day moving average price of $30.05 and a 200-day moving average price of $36.74. The firm has a market cap of $1.18 billion, a P/E ratio of 108.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. Fox Factory has a one year low of $26.76 and a one year high of $69.46. The company has a quick ratio of 1.62, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Fox Factory

Several large investors have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in Fox Factory during the second quarter worth about $268,000. Thrivent Financial for Lutherans increased its holdings in Fox Factory by 191.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 36,269 shares of the company’s stock valued at $1,748,000 after purchasing an additional 23,828 shares in the last quarter. AQR Capital Management LLC raised its position in Fox Factory by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 7,132 shares of the company’s stock valued at $342,000 after purchasing an additional 1,901 shares during the last quarter. Creative Planning boosted its stake in Fox Factory by 117.5% in the second quarter. Creative Planning now owns 9,053 shares of the company’s stock worth $436,000 after purchasing an additional 4,890 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Fox Factory by 95.2% during the second quarter. Truist Financial Corp now owns 19,753 shares of the company’s stock worth $952,000 after purchasing an additional 9,632 shares during the last quarter.

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.