Short Interest in Floor & Decor Holdings, Inc. (NYSE:FND) Decreases By 6.6%

Floor & Decor Holdings, Inc. (NYSE:FNDGet Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 15,850,000 shares, a decline of 6.6% from the December 31st total of 16,970,000 shares. Based on an average daily volume of 1,660,000 shares, the short-interest ratio is currently 9.5 days. Currently, 15.1% of the company’s shares are short sold.

Floor & Decor Stock Performance

Shares of FND stock opened at $104.51 on Friday. The business’s fifty day simple moving average is $105.15 and its 200-day simple moving average is $97.93. The company has a market cap of $11.14 billion, a PE ratio of 40.67, a PEG ratio of 4.36 and a beta of 1.90. The company has a current ratio of 1.14, a quick ratio of 0.20 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $116.70.

Floor & Decor (NYSE:FNDGet Free Report) last released its earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. Floor & Decor had a return on equity of 15.69% and a net margin of 6.30%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Analysts expect that Floor & Decor will post 2.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FND. Guggenheim lowered their price target on Floor & Decor from $115.00 to $95.00 and set a “buy” rating for the company in a report on Monday, October 23rd. Wells Fargo & Company downgraded shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. TheStreet downgraded shares of Floor & Decor from a “b-” rating to a “c+” rating in a research note on Tuesday, November 7th. Truist Financial boosted their price objective on shares of Floor & Decor from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Finally, BNP Paribas downgraded shares of Floor & Decor from an “outperform” rating to an “underperform” rating in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.67.

Check Out Our Latest Analysis on FND

Insider Activity at Floor & Decor

In related news, EVP David Victor Christopherson sold 19,634 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $114.50, for a total value of $2,248,093.00. Following the completion of the sale, the executive vice president now owns 36,552 shares in the company, valued at $4,185,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Floor & Decor by 19.1% in the 2nd quarter. BlackRock Inc. now owns 9,468,096 shares of the company’s stock valued at $984,303,000 after acquiring an additional 1,519,603 shares during the period. Vanguard Group Inc. increased its position in shares of Floor & Decor by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 9,098,053 shares of the company’s stock valued at $639,229,000 after acquiring an additional 56,747 shares during the period. FMR LLC increased its position in shares of Floor & Decor by 13.1% in the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company’s stock valued at $416,816,000 after acquiring an additional 531,891 shares during the period. WCM Investment Management LLC increased its position in shares of Floor & Decor by 1.0% in the 4th quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock valued at $514,979,000 after acquiring an additional 46,964 shares during the period. Finally, Wasatch Advisors Inc. increased its position in shares of Floor & Decor by 0.9% in the 1st quarter. Wasatch Advisors Inc. now owns 3,306,234 shares of the company’s stock valued at $267,805,000 after acquiring an additional 28,689 shares during the period.

About Floor & Decor

(Get Free Report)

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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.

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