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

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of a significant decline in short interest during the month of 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 days-to-cover ratio is currently 7.1 days.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $107.75 on Tuesday. The business has a 50-day moving average price of $107.81 and a two-hundred day moving average price of $107.39. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market cap of $11.55 billion, a P/E ratio of 59.86, a PEG ratio of 14.75 and a beta of 1.82.

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

Analyst Upgrades and Downgrades

FND has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Stifel Nicolaus increased their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Piper Sandler dropped their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Finally, Melius Research began coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.37.

Institutional Trading of Floor & Decor

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC grew its holdings in Floor & Decor by 39.8% in the second quarter. SG Americas Securities LLC now owns 5,659 shares of the company’s stock worth $563,000 after purchasing an additional 1,610 shares during the period. Fifth Third Bancorp grew its stake in shares of Floor & Decor by 42.8% in the 2nd quarter. Fifth Third Bancorp now owns 2,308 shares of the company’s stock valued at $229,000 after buying an additional 692 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Floor & Decor in the 2nd quarter valued at about $324,000. &PARTNERS acquired a new position in Floor & Decor during the 2nd quarter worth approximately $325,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Floor & Decor by 6.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,116 shares of the company’s stock worth $2,199,000 after acquiring an additional 1,435 shares in the last quarter.

About Floor & Decor

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.