Fox Factory Holding Corp (FOXF) Short Interest Update

Fox Factory Holding Corp (NASDAQ:FOXF) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,477,265 shares, a drop of 24.7% from the February 28th total of 1,962,020 shares. Based on an average daily trading volume, of 596,472 shares, the short-interest ratio is currently 2.5 days. Currently, 4.2% of the company’s stock are short sold.

A number of research analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $26.00 target price (up from $23.00) on shares of Fox Factory Holding Corp in a research report on Wednesday, March 8th. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price objective on shares of Fox Factory Holding Corp in a research report on Thursday, March 2nd. Zacks Investment Research downgraded shares of Fox Factory Holding Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. DA Davidson reissued a “buy” rating and set a $32.00 price objective on shares of Fox Factory Holding Corp in a research report on Tuesday, January 31st. Finally, SunTrust Banks, Inc. downgraded shares of Fox Factory Holding Corp from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research report on Tuesday, January 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.67.

Fox Factory Holding Corp (NASDAQ:FOXF) opened at 28.80 on Tuesday. Fox Factory Holding Corp has a 12 month low of $15.18 and a 12 month high of $30.15. The stock has a market capitalization of $1.07 billion, a P/E ratio of 30.64 and a beta of 0.69. The firm’s 50-day moving average is $27.32 and its 200 day moving average is $24.95.

Fox Factory Holding Corp (NASDAQ:FOXF) last posted its earnings results on Wednesday, March 1st. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Fox Factory Holding Corp had a net margin of 8.44% and a return on equity of 27.68%. The business had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $106.80 million. During the same period in the previous year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts anticipate that Fox Factory Holding Corp will post $1.39 earnings per share for the current year.

In related news, Director Robert (Bob) Fox, Jr. sold 465,657 shares of the stock in a transaction on Monday, March 20th. The shares were sold at an average price of $26.65, for a total value of $12,409,759.05. Following the transaction, the director now directly owns 1,000,000 shares of the company’s stock, valued at approximately $26,650,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Group Diversified Hold Compass sold 5,108,718 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $26.65, for a total transaction of $136,147,334.70. The disclosure for this sale can be found here. Insiders sold a total of 5,650,115 shares of company stock worth $150,567,991 over the last ninety days. Insiders own 46.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FOXF. Victory Capital Management Inc. purchased a new position in Fox Factory Holding Corp during the third quarter worth approximately $106,000. Creative Planning purchased a new position in Fox Factory Holding Corp during the third quarter worth approximately $114,000. Wesbanco Bank Inc. purchased a new position in Fox Factory Holding Corp during the fourth quarter worth approximately $230,000. Teachers Retirement System of The State of Kentucky boosted its position in Fox Factory Holding Corp by 67.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 8,700 shares of the company’s stock worth $241,000 after buying an additional 3,500 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Fox Factory Holding Corp during the third quarter worth approximately $246,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

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Fox Factory Holding Corp Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures and markets performance ride dynamics products for customers across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (Side-by-Sides), on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles.

5 Day Chart for NASDAQ:FOXF

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