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

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 10,240,000 shares, a drop 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. State Street Corp boosted its position in Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Wasatch Advisors LP grew its stake in Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after purchasing an additional 85,299 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Floor & Decor by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after purchasing an additional 24,509 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after buying an additional 223,332 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Melius Research initiated coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho upped their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. One analyst has 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.67.

Floor & Decor Trading Up 2.7 %

Floor & Decor stock traded up $2.66 during midday trading on Monday, reaching $99.81. The stock had a trading volume of 1,785,012 shares, compared to its average volume of 1,162,091. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 10.51 and a beta of 1.84. The firm’s fifty day simple moving average is $104.13 and its two-hundred day simple moving average is $105.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating 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 analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. Floor & Decor’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Floor & Decor will post 1.71 EPS for the current fiscal year.

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.