What Next for Fox Factory Holding Corp (NASDAQ:FOXF) Stock After Decrease in Shorted Shares?

July 27, 2018 - By Billy Entrekin

Fox Factory Holding Corp. (NASDAQ:FOXF) Logo

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.48, from 1.56 in 2017Q4. It is negative, as 30 investors sold Fox Factory Holding Corp. shares while 44 reduced holdings. 23 funds opened positions while 57 raised stakes. 35.30 million shares or 9.51% less from 39.01 million shares in 2017Q4 were reported.
State Of Tennessee Treasury Department, a Tennessee-based fund reported 26,490 shares. Mason Street Limited Com has 10,433 shares. Nbw Capital Limited Liability holds 0.81% of its portfolio in Fox Factory Holding Corp. (NASDAQ:FOXF) for 74,597 shares. 19,613 were reported by Aqr Capital Mngmt Ltd Co. Stifel Corporation invested in 0% or 24,506 shares. Ubs Asset Mngmt Americas Inc has 31,060 shares for 0% of their portfolio. Sei Co holds 18,686 shares. Ls Advsrs Ltd Liability Company reported 0.01% in Fox Factory Holding Corp. (NASDAQ:FOXF). Stratos Wealth Partners Limited holds 160 shares. Bb&T holds 8,820 shares or 0.01% of its portfolio. Ameriprise Fin Incorporated invested in 0.01% or 391,303 shares. 13,579 were accumulated by Lazard Asset Management Limited Liability. U S Invsts Inc stated it has 0.59% in Fox Factory Holding Corp. (NASDAQ:FOXF). Manufacturers Life The stated it has 26,354 shares. State Board Of Administration Of Florida Retirement Systems has 9,914 shares for 0% of their portfolio.

Since May 21, 2018, it had 0 buys, and 3 insider sales for $1.47 million activity. Glasman Zvi also sold $407,542 worth of Fox Factory Holding Corp. (NASDAQ:FOXF) on Monday, May 21. Another trade for 1,500 shares valued at $64,755 was made by WITTENSCHLAEGER THOMAS MICHAEL on Friday, June 15.

The stock of Fox Factory Holding Corp (NASDAQ:FOXF) registered a decrease of 8.84% in short interest. FOXF’s total short interest was 1.21 million shares in July as published by FINRA. Its down 8.84% from 1.33M shares, reported previously. With 197,900 shares average volume, it will take short sellers 6 days to cover their FOXF’s short positions. The short interest to Fox Factory Holding Corp’s float is 3.37%.

It closed at $50 lastly. It is down 18.55% since July 27, 2017 and is uptrending. It has outperformed by 5.98% the S&P500.

Fox Factory Holding Corp. designs, engineers, makes, and markets ride dynamics products worldwide. The company has market cap of $1.88 billion. The firm offers front fork and rear suspension products for mountain bikes and road bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. It has a 35.97 P/E ratio. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, bars, stems, and seat posts, as well as aftermarket products to retailers and distributors.

Fox Factory Holding Corp. (NASDAQ:FOXF) Ratings Coverage

Among 6 analysts covering Fox Factory Holding (NASDAQ:FOXF), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Fox Factory Holding has $63 highest and $42 lowest target. $50.60’s average target is 1.20% above currents $50 stock price. Fox Factory Holding had 7 analyst reports since February 8, 2018 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Tuesday, May 1. On Tuesday, July 24 the stock rating was maintained by Robert W. Baird with “Neutral”. Stifel Nicolaus maintained Fox Factory Holding Corp. (NASDAQ:FOXF) rating on Thursday, May 3. Stifel Nicolaus has “Hold” rating and $42 target. The rating was upgraded by DA Davidson to “Buy” on Thursday, February 8.

Another recent and important Fox Factory Holding Corp. (NASDAQ:FOXF) news was published by Streetinsider.com which published an article titled: “Fox Factory Holding (FOXF) PT Raised to $53 at BofA/Merrill Lynch” on July 03, 2018.

Fox Factory Holding Corp. (NASDAQ:FOXF) Institutional Positions Chart

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