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

Floor & Decor Holdings, Inc. (NYSE:FND) saw a large decline in short interest during 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 trading volume of 1,410,000 shares, the short-interest ratio is presently 10.9 days.

Floor & Decor Stock Down 1.9 %

Shares of 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 has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. 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. The firm’s fifty day moving average price is $118.88 and its 200 day moving average price is $104.24.

Floor & Decor (NYSE:FND) last posted 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. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts expect that Floor & Decor will post 1.92 EPS for the current year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of Floor & Decor 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 sale, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of Floor & Decor 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 sale, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction 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 transaction, 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. In the last ninety days, insiders have sold 90,867 shares of company stock worth $11,016,089. 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 business. Polen Capital Management LLC raised its stake in shares of Floor & Decor by 59,133.5% during the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after acquiring an additional 25,141,795 shares in the last quarter. Capital World Investors raised its stake in shares of Floor & Decor by 5.6% during the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after acquiring an additional 627,256 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Floor & Decor by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after acquiring an additional 300,506 shares in the last quarter. BlackRock Inc. raised its stake in shares of Floor & Decor by 21.4% during the 1st quarter. BlackRock Inc. now owns 7,948,493 shares of the company’s stock worth $780,701,000 after acquiring an additional 1,401,173 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Floor & Decor by 4.8% during the 4th quarter. Capital Research Global Investors now owns 6,537,191 shares of the company’s stock worth $729,327,000 after acquiring an additional 298,386 shares in the last quarter.

Analysts Set New Price Targets

FND has been the subject of a number of recent research reports. Sanford C. Bernstein cut shares of Floor & Decor from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Wedbush lifted their price objective on shares of Floor & Decor from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Telsey Advisory Group lifted their price target on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. Mizuho began coverage on shares of Floor & Decor in a research note on Tuesday, March 19th. They set a “neutral” rating and a $115.00 price target for the company. Finally, The Goldman Sachs Group lifted 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. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $110.19.

Floor & Decor Company Profile

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.