Fox Factory Holding Corp Sees Significant Drop in Short Interest (FOXF)
Shares of Fox Factory Holding Corp (NASDAQ:FOXF) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 1,141,772 shares, a decline of 23.3% from the July 15th total of 1,488,778 shares, Analyst Ratings Network reports. Currently, 6.6% of the shares of the company are short sold. Based on an average daily volume of 167,290 shares, the days-to-cover ratio is presently 6.8 days.
Separately, analysts at Bank of America initiated coverage on shares of Fox Factory Holding Corp in a research note on Thursday, July 31st. They set a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $21.33.
Fox Factory Holding Corp (NASDAQ:FOXF) opened at 15.35 on Friday. Fox Factory Holding Corp has a 52 week low of $14.04 and a 52 week high of $20.75. The stock has a 50-day moving average of $15.90 and a 200-day moving average of $16.84. The company has a market cap of $566.1 million and a price-to-earnings ratio of 19.10.
Fox Factory Holding Corp (NASDAQ:FOXF) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $86.37 million for the quarter, compared to the consensus estimate of $83.38 million. The company’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts predict that Fox Factory Holding Corp will post $0.91 earnings per share for the current fiscal year.
Fox Factory Holding Corp is a designer, manufacturer and marketer of suspension products used primarily on mountain bikes, side-by-side vehicles, or side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (NASDAQ:FOXF), snowmobiles, specialty vehicles and applications, and motorcycles.
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