Short Interest in Fox Factory Holding Corp. (NASDAQ:FOXF) Increases By 11.9%

Fox Factory Holding Corp. (NASDAQ:FOXF - Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 2,820,000 shares, a growth of 11.9% from the November 30th total of 2,520,000 shares. Based on an average trading volume of 696,600 shares, the days-to-cover ratio is currently 4.0 days. Currently, 6.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FOXF. Bank of America decreased their price target on shares of Fox Factory from $53.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Stifel Nicolaus upgraded shares of Fox Factory from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Wednesday, December 11th. Roth Mkm lowered their target price on shares of 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 reduced their price target 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. Finally, Truist Financial lowered their price objective on Fox Factory from $54.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Fox Factory presently has an average rating of "Hold" and an average price target of $40.67.

Fox Factory Trading Up 0.8 %

Shares of NASDAQ FOXF traded up $0.25 during trading on Monday, hitting $29.87. 631,803 shares of the company traded hands, compared to its average volume of 622,974. 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 firm has a market capitalization of $1.25 billion, a P/E ratio of 114.89, a P/E/G ratio of 2.67 and a beta of 1.60. The company has a 50-day moving average price of $32.91 and a 200-day moving average price of $39.80. Fox Factory has a 1 year low of $28.33 and a 1 year high of $70.13.

Fox Factory (NASDAQ:FOXF - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.35 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 firm 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 company earned $1.05 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Fox Factory will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Fox Factory

Several large investors have recently made changes to their positions in FOXF. Pacer Advisors Inc. boosted its position in shares of Fox Factory by 25,005.1% in the second quarter. Pacer Advisors Inc. now owns 1,585,136 shares of the company's stock worth $76,388,000 after buying an additional 1,578,822 shares during the period. William Blair Investment Management LLC acquired a new position in Fox Factory during the 2nd quarter worth approximately $53,294,000. JPMorgan Chase & Co. boosted its holdings in Fox Factory by 271.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 190,870 shares of the company's stock worth $7,921,000 after acquiring an additional 139,512 shares during the period. Disciplined Growth Investors Inc. MN acquired a new stake in Fox Factory in the third quarter valued at approximately $5,743,000. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Fox Factory by 25.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 674,051 shares of the company's stock valued at $32,483,000 after purchasing an additional 135,542 shares during the period.

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.