Floor & Decor Holdings, Inc. (NYSE:FND) Short Interest Up 5.8% in October

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 11,340,000 shares, a growth of 5.8% from the September 30th total of 10,720,000 shares. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is presently 8.6 days.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently modified their holdings of FND. Blue Trust Inc. increased 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 buying an additional 196 shares during the last quarter. Chris Bulman Inc acquired a new stake in shares of Floor & Decor during the 2nd quarter valued at approximately $30,000. J.Safra Asset Management Corp lifted its stake in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock worth $43,000 after purchasing an additional 372 shares during the last quarter. RiverPark Advisors LLC boosted its holdings in Floor & Decor by 361.1% in the first quarter. RiverPark Advisors LLC now owns 604 shares of the company's stock worth $78,000 after purchasing an additional 473 shares during the period. Finally, GAMMA Investing LLC increased its stake in Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company's stock valued at $70,000 after purchasing an additional 189 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Thursday. Wedbush reissued an "outperform" rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho raised their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday. Robert W. Baird dropped their price target on shares of Floor & Decor from $127.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, July 29th. Finally, Stifel Nicolaus reduced their price objective on shares of Floor & Decor from $100.00 to $97.50 and set a "hold" rating for the company in a research report on Monday. Three equities research analysts have 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 data from MarketBeat.com, Floor & Decor currently has an average rating of "Hold" and a consensus price target of $104.24.

Floor & Decor Trading Up 2.1 %

Shares of FND traded up $2.08 during mid-day trading on Thursday, hitting $102.96. The company had a trading volume of 1,907,339 shares, compared to its average volume of 1,430,141. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The business's 50-day simple moving average is $111.85 and its 200-day simple moving average is $108.87. The stock has a market cap of $11.02 billion, a PE ratio of 49.78, a P/E/G ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.61 EPS. The company's revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Floor & Decor will post 1.67 earnings per share for the current year.

Floor & Decor Company Profile

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.