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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of a large decline in short interest in 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 trading volume of 1,540,000 shares, the short-interest ratio is currently 7.1 days.

Institutional Trading of Floor & Decor

A number of institutional investors have recently made changes to their positions in the business. Retirement Systems of Alabama lifted its position in shares of Floor & Decor by 20.0% in the third quarter. Retirement Systems of Alabama now owns 158,440 shares of the company's stock worth $19,673,000 after purchasing an additional 26,362 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after purchasing an additional 130 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Floor & Decor during the third quarter worth $74,000. Sanctuary Advisors LLC increased its holdings in Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock worth $338,000 after buying an additional 180 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Floor & Decor by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock worth $222,357,000 after buying an additional 24,509 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on FND. Mizuho boosted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Piper Sandler decreased 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. Wedbush reiterated an "outperform" rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Finally, Wells Fargo & Company upped their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Stock Up 0.7 %

Shares of Floor & Decor stock traded up $0.76 during trading on Tuesday, reaching $108.52. The stock had a trading volume of 1,483,415 shares, compared to its average volume of 1,479,816. 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 capitalization of $11.64 billion, a price-to-earnings ratio of 60.30, a P/E/G ratio of 14.75 and a beta of 1.82. Floor & Decor has a 52 week low of $89.06 and a 52 week high of $135.67. The stock has a fifty day moving average price of $107.81 and a two-hundred day moving average price of $107.39.

Floor & Decor (NYSE:FND - Get Free Report) 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. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The business's revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Floor & Decor will post 1.71 EPS for the current fiscal 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.