Floor & Decor Holdings, Inc. (NYSE:FND) Short Interest Update

Floor & Decor Holdings, Inc. (NYSE:FND) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 10,960,000 shares, a decline of 5.6% from the November 15th total of 11,610,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the short-interest ratio is presently 7.1 days.

Floor & Decor Price Performance

NYSE:FND opened at $108.52 on Wednesday. The firm’s fifty day moving average is $107.81 and its two-hundred day moving average is $107.39. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 60.30, a PEG ratio of 14.75 and a beta of 1.82. Floor & Decor has a one year low of $89.06 and a one year high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. Research analysts expect that Floor & Decor will post 1.71 EPS for the current year.

Institutional Trading of Floor & Decor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after purchasing an additional 333,338 shares during the period. Conway Capital Management Inc. purchased a new stake in Floor & Decor during the 3rd quarter worth approximately $1,090,000. Citigroup Inc. lifted its position in shares of Floor & Decor by 27.2% in the third quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after acquiring an additional 16,569 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Floor & Decor by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after acquiring an additional 12,109 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after purchasing an additional 30,310 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FND shares. Stifel Nicolaus lifted their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Piper Sandler reduced their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.37.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.