1 day Ago By ABMN Staff
Fox Factory Holding Corp. ( NASDAQ:FOXF – Get Free Report ) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 3,460,000 shares, a drop of 9.
2% from the August 15th total of 3,810,000 shares. Currently, 8.4% of the company’s stock are sold short.
Based on an average trading volume of 603,100 shares, the short-interest ratio is presently 5.7 days. Wall Street Analyst Weigh In FOXF has been the subject of several analyst reports.
B. Riley decreased their price objective on Fox Factory from $50.00 to $45.
00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Robert W. Baird reduced their price target on Fox Factory from $48.
00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Truist Financial reduced their price target on Fox Factory from $55.
00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Bank of America reduced their price target on Fox Factory from $53.
00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company.
According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.17.
View Our Latest Stock Report on FOXF Insider Activity Institutional Investors Weigh In On Fox Factory Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Fox Factory by 4.
1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 421,003 shares of the company’s stock valued at $28,409,000 after purchasing an additional 16,542 shares in the last quarter.
BNP Paribas Financial Markets raised its position in Fox Factory by 103.9% during the fourth quarter. BNP Paribas Financial Markets now owns 84,279 shares of the company’s stock valued at $5,687,000 after purchasing an additional 42,954 shares in the last quarter.
Jump Financial LLC raised its position in Fox Factory by 240.3% during the fourth quarter. Jump Financial LLC now owns 10,600 shares of the company’s stock valued at $715,000 after purchasing an additional 7,485 shares in the last quarter.
Dimensional Fund Advisors LP raised its position in Fox Factory by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,862 shares of the company’s stock valued at $55,461,000 after purchasing an additional 12,474 shares in the last quarter.
Finally, Principal Financial Group Inc. raised its position in Fox Factory by 1.0% during the fourth quarter.
Principal Financial Group Inc. now owns 162,319 shares of the company’s stock valued at $10,953,000 after purchasing an additional 1,640 shares in the last quarter. Fox Factory Stock Performance Shares of NASDAQ:FOXF traded down $0.
50 during trading on Wednesday, reaching $39.63. 746,836 shares of the stock were exchanged, compared to its average volume of 595,092.
Fox Factory has a 12 month low of $34.56 and a 12 month high of $104.15.
The firm has a market cap of $1.65 billion, a PE ratio of 22.42, a PEG ratio of 2.
48 and a beta of 1.63. The stock has a 50-day moving average price of $43.
08 and a 200-day moving average price of $45.22. The company has a current ratio of 3.
13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61.
Fox Factory ( NASDAQ:FOXF – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
35 by $0.03. Fox Factory had a net margin of 3.
07% and a return on equity of 7.66%. The company had revenue of $348.
49 million during the quarter, compared to the consensus estimate of $346.22 million. During the same period in the previous year, the business earned $1.
21 earnings per share. The firm’s quarterly revenue was down 13.0% on a year-over-year basis.
Research analysts expect that Fox Factory will post 1.56 EPS for the current fiscal year. 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 Articles Receive News & Ratings for Fox Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fox Factory and related companies with MarketBeat.
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