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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FND shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Thursday. Wedbush restated an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Truist Financial cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Guggenheim decreased their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Stifel Nicolaus dropped their target price on Floor & Decor from $100.00 to $97.50 and set a “hold” rating on the stock in a report on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $104.24.

Floor & Decor Price Performance

Shares of FND opened at $103.80 on Friday. The company’s 50-day moving average is $111.78 and its 200-day moving average is $108.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The firm has a market capitalization of $11.12 billion, a PE ratio of 57.64, a PEG ratio of 13.59 and a beta of 1.80. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

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, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.84%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Floor & Decor will post 1.66 EPS for the current year.

Institutional Trading of Floor & Decor

Institutional investors have recently bought and sold shares of the business. Chris Bulman Inc bought a new stake in Floor & Decor during the second quarter worth about $30,000. Blue Trust Inc. boosted its position in shares of Floor & Decor by 242.0% during the 3rd 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. J.Safra Asset Management Corp increased its stake in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares during the last quarter. GAMMA Investing LLC lifted its stake in Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the last quarter. Finally, RiverPark Advisors LLC lifted its stake in Floor & Decor by 361.1% during 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 last quarter.

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.