Floor & Decor (NYSE:FND) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) saw an uptick in trading volume on Wednesday . 2,538,011 shares traded hands during trading, an increase of 72% from the previous session’s volume of 1,477,381 shares.The stock last traded at $102.47 and had previously closed at $99.55.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FND shares. JPMorgan Chase & Co. lowered their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Guggenheim dropped their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Robert W. Baird reduced their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Wells Fargo & Company raised 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. Finally, Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $104.37.

Floor & Decor Stock Performance

The stock has a fifty day simple moving average of $110.09 and a two-hundred day simple moving average of $108.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 59.53, a P/E/G ratio of 13.00 and a beta of 1.83.

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. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. Analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently bought and sold shares of the stock. Capital International Investors lifted its stake in shares of Floor & Decor by 7.4% in the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after buying an additional 73,448 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Floor & Decor by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after acquiring an additional 30,310 shares during the period. Scientech Research LLC lifted its stake in shares of Floor & Decor by 353.0% during the 2nd quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock valued at $1,767,000 after buying an additional 13,850 shares in the last quarter. International Assets Investment Management LLC grew its stake in Floor & Decor by 63,243.2% in the 3rd quarter. International Assets Investment Management LLC now owns 93,748 shares of the company’s stock valued at $11,641,000 after buying an additional 93,600 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its holdings in Floor & Decor by 2,010.5% during the 3rd quarter. Bridges Investment Management Inc. now owns 88,027 shares of the company’s stock valued at $10,930,000 after acquiring an additional 83,856 shares during the period.

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.