Floor & Decor Holdings, Inc. (NYSE:FND) Short Interest Down 7.2% in December

Floor & Decor Holdings, Inc. (NYSE:FND) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 10,240,000 shares, a drop of 7.2% from the December 15th total of 11,030,000 shares. Based on an average daily volume of 1,620,000 shares, the short-interest ratio is presently 6.3 days.

Floor & Decor Price Performance

FND stock traded up $2.66 during trading on Friday, hitting $99.81. The stock had a trading volume of 1,785,012 shares, compared to its average volume of 1,162,091. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The company’s 50-day moving average price is $104.13 and its two-hundred day moving average price is $105.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market capitalization of $10.70 billion, a P/E ratio of 55.45, a PEG ratio of 10.51 and a beta of 1.84.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up .9% on a year-over-year basis. As a group, research analysts predict that Floor & Decor will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. Quarry LP acquired a new position in Floor & Decor during the third quarter worth $34,000. Wilmington Savings Fund Society FSB purchased a new stake in Floor & Decor in the 3rd quarter valued at $74,000. UMB Bank n.a. increased its stake in shares of Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after acquiring an additional 196 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Floor & Decor by 21.1% during the 4th quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock worth $115,000 after acquiring an additional 200 shares during the period.

Analyst Upgrades and Downgrades

FND has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Mizuho upped their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Melius Research initiated coverage on shares of Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $104.67.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.