Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 10,960,000 shares, a decline of 5.6% from the November 15th total of 11,610,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is presently 7.1 days.
Several brokerages have recently commented on FND. Stifel Nicolaus lifted their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a "sell" rating and a $80.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Piper Sandler cut their target price on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research note on Monday, October 28th. Finally, Mizuho upped their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $104.37.
Get Our Latest Stock Analysis on FND
Shares of NYSE FND opened at $107.75 on Tuesday. The stock has a market capitalization of $11.55 billion, a P/E ratio of 59.86, a PEG ratio of 14.75 and a beta of 1.82. The stock's fifty day moving average is $107.81 and its 200 day moving average is $107.39. Floor & Decor has a 52 week low of $89.06 and a 52 week high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.
Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm earned $0.61 EPS. The business's quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Floor & Decor will post 1.71 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in FND. FMR LLC increased its stake in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. State Street Corp boosted its stake in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company's stock valued at $468,097,000 after buying an additional 222,980 shares in the last quarter. Wasatch Advisors LP grew its position 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 acquiring an additional 85,299 shares during the last quarter. Geode Capital Management LLC raised its stake in Floor & Decor by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock worth $222,357,000 after acquiring an additional 24,509 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in shares of Floor & Decor by 5.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,183,669 shares of the company's stock worth $146,976,000 after acquiring an additional 59,839 shares during the last quarter.
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.
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