Fox Factory Holding Corp. (NASDAQ:FOXF) Short Interest Down 20.9% in January

Fox Factory Holding Corp. (NASDAQ:FOXF) saw a large decline in short interest in the month of 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 shares are short sold. Based on an average daily trading volume, of 710,400 shares, the days-to-cover ratio is currently 3.1 days.

Fox Factory Stock Up 1.2 %

Shares of FOXF stock traded up $0.34 during trading hours on Thursday, hitting $28.26. 355,065 shares of the company were exchanged, compared to its average volume of 437,103. The company has a market capitalization of $1.18 billion, a PE ratio of 108.70, a PEG ratio of 1.58 and a beta of 1.60. Fox Factory has a 52 week low of $26.76 and a 52 week high of $69.46. The business has a 50 day moving average of $30.05 and a two-hundred day moving average of $36.74. The company has a current ratio of 3.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.62.

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

Hedge Funds Weigh In On Fox Factory

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Fox Factory by 86.0% during the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the company’s stock worth $25,000 after purchasing an additional 277 shares during the last quarter. Signaturefd LLC increased its holdings in Fox Factory by 301.1% during the third quarter. Signaturefd LLC now owns 726 shares of the company’s stock worth $30,000 after buying an additional 545 shares during the last quarter. nVerses Capital LLC bought a new stake in Fox Factory during the third quarter worth $42,000. KBC Group NV lifted its stake in Fox Factory by 36.5% in the third quarter. KBC Group NV now owns 1,377 shares of the company’s stock valued at $57,000 after acquiring an additional 368 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Fox Factory in the 2nd quarter valued at about $268,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FOXF shares. Roth Mkm decreased their price objective 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. Stifel Nicolaus raised Fox Factory from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, December 11th. Robert W. Baird reduced their price objective 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. StockNews.com raised shares of Fox Factory from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Truist Financial lowered their price objective on shares of Fox Factory from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Fox Factory has a consensus rating of “Hold” and an average price target of $40.33.

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.