Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,720,000 shares, a drop of 24.2% from the April 30th total of 2,270,000 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 678,400 shares, the short-interest ratio is presently 2.5 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC increased its holdings in shares of Fox Factory by 10.6% during the 1st quarter. Inspire Investing LLC now owns 14,556 shares of the company's stock worth $340,000 after purchasing an additional 1,393 shares during the period. Advisors Capital Management LLC increased its stake in Fox Factory by 86.1% during the first quarter. Advisors Capital Management LLC now owns 110,752 shares of the company's stock valued at $2,585,000 after acquiring an additional 51,243 shares during the period. Jane Street Group LLC raised its holdings in Fox Factory by 123.8% in the 1st quarter. Jane Street Group LLC now owns 79,445 shares of the company's stock valued at $1,854,000 after acquiring an additional 43,952 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Fox Factory by 20.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,431 shares of the company's stock worth $2,041,000 after acquiring an additional 15,021 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fox Factory during the 1st quarter worth approximately $263,000.
Fox Factory Stock Performance
FOXF stock traded up $0.68 on Thursday, reaching $26.82. The company's stock had a trading volume of 109,869 shares, compared to its average volume of 622,286. Fox Factory has a 52 week low of $17.95 and a 52 week high of $54.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.21 and a quick ratio of 1.62. The company has a market capitalization of $1.12 billion, a P/E ratio of 102.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The firm has a fifty day moving average of $22.40 and a two-hundred day moving average of $26.29.
Fox Factory (NASDAQ:FOXF - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Fox Factory had a net margin of 0.78% and a return on equity of 5.23%. The firm had revenue of $355.03 million for the quarter, compared to analysts' expectations of $330.71 million. During the same period in the previous year, the business earned $0.29 earnings per share. Fox Factory's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that Fox Factory will post 1.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have commented on FOXF. Truist Financial raised their price objective on Fox Factory from $28.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Jefferies Financial Group dropped their price objective on Fox Factory from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Robert W. Baird lowered their target price on Fox Factory from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Finally, Stifel Nicolaus decreased their price objective on shares of Fox Factory from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fox Factory presently has a consensus rating of "Hold" and a consensus target price of $36.43.
Check Out Our Latest Report on Fox Factory
About Fox Factory
(
Get Free Report)
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.
Featured Stories
Before you consider Fox Factory, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fox Factory wasn't on the list.
While Fox Factory currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
