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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of a large drop in short interest in 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 trading volume of 1,540,000 shares, the days-to-cover ratio is presently 7.1 days.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently made changes to their positions in FND. Chris Bulman Inc acquired a new position in shares of Floor & Decor in the second quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares in the last quarter. Quarry LP acquired a new position in shares of Floor & Decor in the third quarter worth $34,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Floor & Decor during the third quarter worth $74,000. Finally, UMB Bank n.a. raised its stake in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after acquiring an additional 196 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FND. Melius Research assumed coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. 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. Finally, Stifel Nicolaus upped 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Trading Down 6.3 %

FND opened at $101.74 on Thursday. The stock has a market capitalization of $10.91 billion, a PE ratio of 56.52, a P/E/G 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. The business’s 50 day moving average price is $107.69 and its 200 day moving average price is $107.33.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. As a group, equities research analysts expect that Floor & Decor will post 1.71 EPS for the current year.

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.