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

Fox Factory Holding Corp. (NASDAQ:FOXF) was the recipient of a large drop in short interest during the month of 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 short-interest ratio is presently 3.1 days. Currently, 5.4% of the company’s shares are short sold.

Fox Factory Stock Up 1.2 %

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

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

Analyst Ratings Changes

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

Institutional Trading of Fox Factory

A number of institutional investors and hedge funds have recently modified their holdings of FOXF. Diversify Wealth Management LLC raised its position in Fox Factory by 10.1% in the fourth quarter. Diversify Wealth Management LLC now owns 7,443 shares of the company’s stock worth $207,000 after purchasing an additional 680 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Fox Factory by 595.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,435 shares of the company’s stock worth $7,490,000 after acquiring an additional 211,864 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Fox Factory by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company’s stock worth $7,921,000 after purchasing an additional 139,512 shares during the last quarter. Synovus Financial Corp lifted its holdings in Fox Factory by 20.3% in the third quarter. Synovus Financial Corp now owns 23,306 shares of the company’s stock valued at $967,000 after buying an additional 3,934 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Fox Factory by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,002,109 shares of the company’s stock valued at $41,595,000 after acquiring an additional 8,474 shares during the last quarter.

About Fox Factory

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.