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 in the month of December. As of December 31st, there was short interest totalling 10,240,000 shares, a decline of 7.2% from the December 15th total of 11,030,000 shares. Based on an average daily volume of 1,620,000 shares, the short-interest ratio is currently 6.3 days.

Floor & Decor Stock Up 2.7 %

FND stock traded up $2.66 on Friday, hitting $99.81. 1,785,012 shares of the company’s stock were exchanged, compared to its average volume of 1,162,091. The firm has a 50 day moving average price of $104.13 and a two-hundred day moving average price of $105.12. Floor & Decor has a 12-month low of $89.06 and a 12-month high of $135.67. The stock has a market cap of $10.70 billion, a P/E ratio of 55.45, a price-to-earnings-growth ratio of 10.51 and a beta of 1.84. 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 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, equities research analysts expect that Floor & Decor will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FND. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Mizuho increased their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wedbush restated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Wells Fargo & Company upped their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $104.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Conway Capital Management Inc. purchased a new stake in shares of Floor & Decor during the third quarter valued at $1,090,000. Massachusetts Financial Services Co. MA grew its stake in Floor & Decor by 221.6% during the 3rd 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 last quarter. Sanctuary Advisors LLC increased its holdings in shares of Floor & Decor by 7.1% in the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after purchasing an additional 180 shares during the period. Citigroup Inc. increased its holdings 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 purchasing an additional 16,569 shares during the period. Finally, Charles Schwab Investment Management Inc. raised 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 purchasing an additional 12,109 shares during the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.