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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 16,420,000 shares, an increase 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

Several brokerages have recently issued reports on FND. UBS Group cut Floor & Decor from a "buy" rating to a "neutral" rating and set a $135.00 price objective on the stock. in a report on Tuesday, March 5th. Mizuho began coverage on Floor & Decor in a report on Tuesday, March 19th. They set a "neutral" rating and a $115.00 price objective on the stock. Guggenheim upped their price objective on Floor & Decor from $115.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. Wedbush upped their price objective on Floor & Decor from $115.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Finally, Bank of America boosted their target price on Floor & Decor from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $110.19.

Floor & Decor Stock Performance

Shares of NYSE FND traded up $3.47 during mid-day trading on Thursday, hitting $112.76. The company had a trading volume of 2,179,935 shares, compared to its average volume of 1,389,922. 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 business's 50-day simple moving average is $119.00 and its 200-day simple moving average is $105.88. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The firm has a market cap of $12.04 billion, a P/E ratio of 48.14, a PEG ratio of 5.31 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. Floor & Decor's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 EPS. As a group, analysts predict that Floor & Decor will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Thomas V. Taylor sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total value of $2,462,200.00. Following the transaction, the chief executive officer now directly owns 174,315 shares of the company's stock, valued at approximately $21,459,919.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Trevor Lang sold 13,000 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 in the last three months. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

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

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.