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

Floor & Decor Holdings, Inc. (NYSE:FND) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 10,720,000 shares, a decline of 5.8% from the September 15th total of 11,380,000 shares. Based on an average daily volume of 1,500,000 shares, the short-interest ratio is presently 7.1 days.

Floor & Decor Stock Down 0.1 %

FND traded down $0.11 during midday trading on Wednesday, hitting $113.04. 125,222 shares of the company’s stock traded hands, compared to its average volume of 1,410,451. 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 company has a market cap of $12.10 billion, a PE ratio of 54.65, a price-to-earnings-growth ratio of 15.35 and a beta of 1.80. The stock’s fifty day simple moving average is $111.45 and its 200-day simple moving average is $109.91. Floor & Decor has a one year low of $76.30 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.66 earnings per share. Floor & Decor’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts anticipate that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FND. NBC Securities Inc. raised its position in Floor & Decor by 64.1% in the 3rd quarter. NBC Securities Inc. now owns 2,899 shares of the company’s stock valued at $359,000 after purchasing an additional 1,132 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Floor & Decor in the third quarter valued at $246,000. UMB Bank n.a. raised its holdings in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying an additional 196 shares during the last quarter. CWM LLC lifted its position in Floor & Decor by 15.8% during the 3rd quarter. CWM LLC now owns 1,289 shares of the company’s stock worth $160,000 after buying an additional 176 shares in the last quarter. Finally, Salvus Wealth Management LLC grew its holdings in Floor & Decor by 1.3% during the 3rd quarter. Salvus Wealth Management LLC now owns 34,263 shares of the company’s stock worth $4,254,000 after acquiring an additional 442 shares during the last quarter.

Analyst Ratings Changes

FND has been the subject of a number of recent analyst reports. Guggenheim decreased their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Robert W. Baird cut their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Stifel Nicolaus raised their price objective on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. cut their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Telsey Advisory Group lowered their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $104.42.

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.