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

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

Floor & Decor Trading Up 2.7 %

NYSE:FND traded up $2.66 during mid-day trading on Monday, hitting $99.81. The company had a trading volume of 1,785,012 shares, compared to its average volume of 1,162,091. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm has a market cap of $10.70 billion, a P/E ratio of 55.45, a P/E/G ratio of 10.51 and a beta of 1.84. The business’s fifty day moving average is $104.13 and its two-hundred day moving average is $105.12.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. As a group, research analysts expect that Floor & Decor will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on FND shares. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Wells Fargo & Company upped their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Stifel Nicolaus increased their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Melius Research assumed coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Finally, Mizuho upped their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in shares of Floor & Decor by 30.8% in the 4th quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $93,000 after acquiring an additional 220 shares in the last quarter. Trust Co. of Vermont grew its stake in Floor & Decor by 21.1% in the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock valued at $115,000 after purchasing an additional 200 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $308,000. Miracle Mile Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth approximately $217,000. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Floor & Decor by 1.3% in the 4th quarter. ST Germain D J Co. Inc. now owns 189,845 shares of the company’s stock valued at $18,928,000 after buying an additional 2,513 shares during the last quarter.

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.