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

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 10,240,000 shares, a decrease 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 days-to-cover ratio is presently 6.3 days.

Floor & Decor Stock Up 2.7 %

Shares of FND stock traded up $2.66 during trading hours on Friday, hitting $99.81. 1,785,012 shares of the company’s stock traded hands, compared to its average volume of 1,162,091. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $104.13 and its two-hundred day simple moving average is $105.07. 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 price-to-earnings ratio of 55.45, a PEG ratio of 10.51 and a beta of 1.84.

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. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Floor & Decor will post 1.71 EPS for the current year.

Institutional Trading of Floor & Decor

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in Floor & Decor by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after purchasing an additional 138 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Floor & Decor during the second quarter valued at $14,953,000. Dimensional Fund Advisors LP boosted its position in shares of Floor & Decor by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after buying an additional 115,876 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Floor & Decor by 17.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,486 shares of the company’s stock worth $1,042,000 after buying an additional 1,529 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Floor & Decor in the 2nd quarter worth about $1,722,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FND shares. Melius Research started coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. 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 report on Monday, October 28th. Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised 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. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $104.67.

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.