Floor & Decor Holdings, Inc. (NYSE:FND) Short Interest Down 5.8% in September

Floor & Decor Holdings, Inc. (NYSE:FND) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 10,720,000 shares, a decrease of 5.8% from the September 15th total of 11,380,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 7.1 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FND shares. Guggenheim lowered their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Evercore ISI decreased their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Melius Research initiated coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Telsey Advisory Group lowered their price objective on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Finally, TD Cowen decreased their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.42.

Floor & Decor Price Performance

NYSE:FND traded down $4.55 during trading hours on Thursday, hitting $108.43. 401,801 shares of the stock were exchanged, compared to its average volume of 1,408,507. The firm’s fifty day moving average price is $111.78 and its 200 day moving average price is $109.93. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The company has a market cap of $11.60 billion, a P/E ratio of 54.58, a P/E/G ratio of 15.35 and a beta of 1.80. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, equities research analysts anticipate that Floor & Decor will post 1.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its holdings in Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares in the last quarter. XN LP purchased a new position in shares of Floor & Decor during the second quarter valued at approximately $70,177,000. Vanguard Group Inc. boosted its holdings in shares of Floor & Decor by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after purchasing an additional 300,506 shares during the last quarter. Wellington Management Group LLP raised its stake in Floor & Decor by 40.6% during the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after purchasing an additional 265,622 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in Floor & Decor during the first quarter worth about $24,791,000.

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.