Fox Factory Holding Corp. (NASDAQ:FOXF) Short Interest Up 34.3% in January

Fox Factory Holding Corp. (NASDAQ:FOXF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,228,504 shares, an increase of 34.3% from the December 31st total of 1,659,896 shares. Approximately 5.4% of the shares of the company are short sold. Based on an average daily trading volume, of 561,296 shares, the days-to-cover ratio is currently 4.0 days. Based on an average daily trading volume, of 561,296 shares, the days-to-cover ratio is currently 4.0 days. Approximately 5.4% of the shares of the company are short sold.

Analysts Set New Price Targets

FOXF has been the subject of a number of analyst reports. Stifel Nicolaus set a $33.00 price target on Fox Factory in a report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fox Factory in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Fox Factory from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Roth Mkm cut their price objective on shares of Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Finally, CJS Securities raised shares of Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fox Factory currently has a consensus rating of “Hold” and an average price target of $30.17.

Fox Factory Price Performance

Fox Factory stock traded down $0.09 during midday trading on Friday, reaching $18.40. The company had a trading volume of 665,928 shares, compared to its average volume of 528,617. Fox Factory has a 12-month low of $13.08 and a 12-month high of $31.18. The firm’s fifty day simple moving average is $17.50 and its 200-day simple moving average is $22.48. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.98 and a quick ratio of 1.36. The company has a market capitalization of $769.12 million, a P/E ratio of -2.98 and a beta of 1.46.

Fox Factory (NASDAQ:FOXF) last announced its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.33). Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. The firm had revenue of $376.36 million for the quarter, compared to analyst estimates of $382.59 million. During the same period in the previous year, the company earned $0.35 EPS. Fox Factory’s revenue was up 4.8% compared to the same quarter last year. Fox Factory has set its FY 2025 guidance at 0.920-1.120 EPS and its Q4 2025 guidance at 0.050-0.250 EPS. As a group, equities analysts anticipate that Fox Factory will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky grew its position in shares of Fox Factory by 3,173.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 388,666 shares of the company’s stock valued at $6,650,000 after purchasing an additional 376,792 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Fox Factory by 108.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,075 shares of the company’s stock worth $36,000 after buying an additional 1,079 shares in the last quarter. SG Americas Securities LLC boosted its stake in Fox Factory by 94.5% during the fourth quarter. SG Americas Securities LLC now owns 26,423 shares of the company’s stock worth $452,000 after buying an additional 12,841 shares during the last quarter. Penn Capital Management Company LLC grew its holdings in Fox Factory by 2.0% in the 3rd quarter. Penn Capital Management Company LLC now owns 117,197 shares of the company’s stock valued at $2,847,000 after buying an additional 2,317 shares in the last quarter. Finally, Caxton Associates LLP increased its stake in shares of Fox Factory by 197.7% in the 3rd quarter. Caxton Associates LLP now owns 26,096 shares of the company’s stock worth $634,000 after acquiring an additional 17,329 shares during the last quarter.

About Fox Factory

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.