Floor & Decor Holdings, Inc. (NYSE:FND) Sees Large Decline in Short Interest

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Piper Sandler lowered their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Melius Research began coverage on shares of Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.37.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the company. Chris Bulman Inc bought a new position in Floor & Decor in the 2nd quarter worth about $30,000. Blue Trust Inc. boosted its holdings in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. Quarry LP bought a new position in Floor & Decor in the third quarter worth approximately $34,000. Wilmington Savings Fund Society FSB purchased a new position in Floor & Decor during the 3rd quarter worth $74,000. Finally, UMB Bank n.a. raised its position in Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares in the last quarter.

Floor & Decor Stock Performance

NYSE FND opened at $108.52 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The business has a 50-day moving average price of $107.81 and a 200-day moving average price of $107.39. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 60.30, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Floor & Decor will post 1.71 EPS for the current fiscal year.

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.