Short Interest in Floor & Decor Holdings, Inc. (NYSE:FND) Grows By 6.7%

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 16,420,000 shares, a growth of 6.7% from the March 31st total of 15,390,000 shares. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is presently 11.5 days.

Analyst Upgrades and Downgrades

FND has been the topic of several analyst reports. TD Cowen assumed coverage on Floor & Decor in a research note on Wednesday, April 10th. They issued a “hold” rating and a $125.00 price objective on the stock. Piper Sandler upped their price objective on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Monday. Mizuho assumed coverage on Floor & Decor in a research note on Tuesday, March 19th. They set a “neutral” rating and a $115.00 price objective on the stock. Finally, Wells Fargo & Company downgraded shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $85.00 to $105.00 in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average price target of $110.19.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Victor Christopherson sold 6,850 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the sale, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in shares of Floor & Decor in the fourth quarter worth about $4,161,000. Pacer Advisors Inc. bought a new position in shares of Floor & Decor in the 4th quarter worth $1,767,000. Kestra Advisory Services LLC raised its position in shares of Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock worth $479,000 after acquiring an additional 349 shares in the last quarter. Yousif Capital Management LLC acquired a new position in Floor & Decor during the 4th quarter valued at about $5,614,000. Finally, State of Alaska Department of Revenue acquired a new position in Floor & Decor during the 4th quarter valued at about $1,284,000.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $109.28 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The stock has a market capitalization of $11.67 billion, a P/E ratio of 48.14, a price-to-earnings-growth ratio of 5.31 and a beta of 1.86. The business’s 50 day simple moving average is $119.00 and its two-hundred day simple moving average is $105.88.

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

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.