Floor & Decor Holdings, Inc. (NYSE:FND) Sees Significant Drop in Short Interest

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 15,390,000 shares, a decline of 7.7% from the March 15th total of 16,670,000 shares. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is currently 10.9 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Truist Financial increased their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Wedbush increased their target price on shares of Floor & Decor from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 target price for the company. in a research note on Tuesday, March 5th. Finally, Telsey Advisory Group increased their target price on shares of Floor & Decor from $95.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $110.19.

Floor & Decor Stock Down 1.9 %

NYSE FND traded down $2.13 on Tuesday, reaching $108.18. The stock had a trading volume of 1,504,908 shares, compared to its average volume of 1,413,383. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The business has a 50 day moving average price of $118.88 and a 200 day moving average price of $104.24. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 47.66, a P/E/G ratio of 5.41 and a beta of 1.85.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. On average, analysts forecast that Floor & Decor will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock valued at $11,016,089 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FND. Riverview Trust Co acquired a new position in Floor & Decor during the first quarter worth $26,000. Quarry LP acquired a new position in shares of Floor & Decor during the 4th quarter valued at about $33,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor in the 4th quarter valued at approximately $33,000. Rise Advisors LLC acquired a new stake in Floor & Decor in the 1st quarter worth approximately $39,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Floor & Decor during the third quarter worth approximately $30,000.

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.