Short Interest in Floor & Decor Holdings, Inc. (NYSE:FND) Decreases By 7.7%

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

Analysts Set New Price Targets

A number of research firms recently weighed in on FND. Mizuho began coverage on Floor & Decor in a report on Tuesday, March 19th. They issued a “neutral” rating and a $115.00 price objective for the company. TD Cowen began coverage on Floor & Decor in a report on Wednesday, April 10th. They issued a “hold” rating and a $125.00 price objective for the company. Guggenheim increased their price objective on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Bank of America increased their price objective on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Evercore ISI decreased their price objective on Floor & Decor from $125.00 to $120.00 and set an “in-line” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $110.19.

Insider Transactions at Floor & Decor

In other news, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares in the company, valued at $2,088,200.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bryan Langley sold 5,865 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the sale, the chief financial officer now owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,867 shares of company stock worth $11,016,089. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently modified their holdings of the stock. Stephens Inc. AR increased its stake in shares of Floor & Decor by 20.2% during the 2nd quarter. Stephens Inc. AR now owns 655 shares of the company’s stock worth $68,000 after purchasing an additional 110 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after buying an additional 113 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after buying an additional 117 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after buying an additional 120 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after buying an additional 121 shares in the last quarter.

Floor & Decor Stock Down 1.9 %

NYSE FND traded down $2.13 during trading hours on Tuesday, hitting $108.18. The company’s stock had a trading volume of 1,504,908 shares, compared to its average volume of 1,413,383. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company’s 50-day simple moving average is $118.88 and its two-hundred day simple moving average is $104.24. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $11.55 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 5.41 and a beta of 1.85.

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

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.