Fox Factory Holding Corp. (NASDAQ:FOXF – Get Rating) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,360,000 shares, a decline of 5.6% from the February 13th total of 2,500,000 shares. Based on an average daily trading volume, of 206,000 shares, the days-to-cover ratio is currently 11.5 days.
Insider Buying and Selling at Fox Factory
In other Fox Factory news, CEO Michael C. Dennison sold 7,500 shares of the business’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $115.00, for a total value of $862,500.00. Following the sale, the chief executive officer now directly owns 62,701 shares in the company, valued at $7,210,615. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.
Hedge Funds Weigh In On Fox Factory
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Fox Factory by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,141,837 shares of the company’s stock worth $327,537,000 after purchasing an additional 12,523 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Fox Factory by 2.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,654,331 shares of the company’s stock worth $209,919,000 after purchasing an additional 51,124 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Fox Factory by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,600,160 shares of the company’s stock worth $156,736,000 after purchasing an additional 4,061 shares in the last quarter. State Street Corp boosted its holdings in Fox Factory by 1.4% during the 3rd quarter. State Street Corp now owns 1,316,181 shares of the company’s stock valued at $104,084,000 after acquiring an additional 17,964 shares during the period. Finally, Geneva Capital Management LLC boosted its holdings in Fox Factory by 3.9% during the 3rd quarter. Geneva Capital Management LLC now owns 1,130,967 shares of the company’s stock valued at $89,437,000 after acquiring an additional 42,607 shares during the period. 98.71% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Fox Factory Price Performance
Shares of NASDAQ FOXF opened at $116.77 on Friday. The firm has a market capitalization of $4.94 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.93 and a beta of 1.85. The company has a quick ratio of 1.73, a current ratio of 3.08 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $115.40 and its two-hundred day simple moving average is $99.81. Fox Factory has a twelve month low of $69.28 and a twelve month high of $127.54.
Fox Factory (NASDAQ:FOXF – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. Fox Factory had a return on equity of 22.55% and a net margin of 12.81%. The firm had revenue of $408.60 million during the quarter, compared to analysts’ expectations of $383.86 million. During the same period in the prior year, the business earned $1.06 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities analysts anticipate that Fox Factory will post 5.36 EPS for the current fiscal year.
About Fox Factory
Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and on-road vehicles with off-road capabilities, off-road vehicles and trucks, all – terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles.
- Get a free copy of the StockNews.com research report on Fox Factory (FOXF)
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
- A Weakening Economy Suggests Caution Before Buying Five Below
- Williams-Sonoma: Time To Buy At Rock-Bottom Prices
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
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.com's FREE daily email newsletter.