Floor & Decor (NYSE:FND) Sees Large Volume Increase – Still a Buy?

Floor & Decor Holdings, Inc. (NYSE:FND) saw strong trading volume on Wednesday . 2,538,011 shares changed hands during mid-day 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

FND has been the subject of several research analyst reports. Melius Research started 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 for the company. Wells Fargo & Company upped their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Robert W. Baird lowered their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Trading Up 3.7 %

The firm has a 50 day moving average of $110.20 and a 200 day moving average of $108.19. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $11.07 billion, a PE ratio of 55.32, a P/E/G ratio of 13.44 and a beta of 1.83.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Chris Bulman Inc bought a new position in shares of Floor & Decor during the 2nd quarter valued at $30,000. Blue Trust Inc. lifted its position in 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 during the last quarter. Quarry LP bought a new position in shares of Floor & Decor in the third quarter worth approximately $34,000. J.Safra Asset Management Corp raised its holdings in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 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.