() experienced a significant increase in short interest during the month of May. On May 31st there were 13,920,000 short shares. This is a 16.1% increase from the total of 11,990,000.000 shares on May 15th. At the moment, 13.3% are shorted. The days-tocover ratio, based on an average daily volume of 1,330,000 stocks, is 10.5 days.
Hedge Funds weigh in on Floor & Decor
Recently, several hedge funds and institutional investors increased or decreased their stakes in this stock. Lazard Asset Management LLC increased its stake in Floor & Decor shares by 1.3% during the first quarter. Lazard Asset Management LLC owns 10,982 of the company stock, worth $889,000. This is after adding 141 additional shares in the last quarter. Alliance Wealth Advisors LLC UT increased its stake in Floor & Decor shares by 4.6% during the first quarter. Alliance Wealth Advisors LLC UT owns 3,362 of the company stock, worth $330,000. This is after acquiring 149 additional shares in the last quarter. FourThought Financial LLC increased its stake in Floor & Decor shares by 47.9% during the third quarter. FourThought Financial LLC owns 463 of the company’s shares worth $33,000, after adding 150 more shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Floor & Decor shares by 54.2% during the first quarter. Whittier Trust Co. of Nevada Inc. owns 464 of the company’s shares worth $46,000, after purchasing 163 additional shares in the last quarter. Commerce Bank increased its holdings in Floor & Decor shares by 3.2% during the fourth quarter. The price of the stock fell by $0.81 at midday on Friday to $96.26. 885,255 of the company's shares were traded, compared with its average volume, which is 1,043,390. Floor & Decor's low for the past 12 months is $60.97, and its high for that same period is $102.61. The company's quick ratio is 0.15, its current ratio is 1.32 and its debt-to equity ratio is 0.17. The company has a simple moving-average of $94.88 for the last 50 days and $89.16 for the past 200 days. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88.
The company announced $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company's $0.66 per share earnings for the quarter fell short of the $0.67 consensus estimate by $0.01. Floor & Decor's net margin was 6.86%, and its return on equity was 18.37%. The company's revenue for the quarter was $1.12 billion, which is higher than analyst expectations of $1.11billion. In the same quarter of last year, the company earned $0.67 per share. Revenue for the company was up 9.1% year-over-year. Analysts at equities firms predict that Floor & Decor's earnings per share will be 2.66 for the current fiscal year.
Analysts set new price targets
Several analysts have made comments on FND's shares. Guggenheim reaffirmed a buy' rating on Floor & Decor shares and set a price target of $100.00 in a research report on Wednesday, 15th March. Morgan Stanley raised their price target for shares of Floor & Decor to $90.00 in a report published on Friday, 24th February. The stock was also given an 'equal-weight' rating. Loop Capital raised their price target for shares of Floor & Decor to $82.00 in a Monday, February 27th research report. They also gave the stock a hold' rating. Robert W. Baird raised their price target for shares of Floor & Decor in a report published on Friday, Feb. 24th from $105.00 up to $110.00. The stock was also given an 'outperform rating'. TheStreet upgraded shares of Floor & Decor in a report published on Monday, march 27th from a c+ rating to a b- rating. Nine analysts have given the company a hold or buy rating. Six have given the stock a sell recommendation. According to data from MarketBeat.com Floor & Decor currently has an average rating 'Hold,' with a consensus target price of $92.00.
Floor & Decor Company profile
Floor & Decor Holdings, Inc is engaged in retailing hard surface floorings and accessories. It offers wood, stone and flooring products. Vinyl, laminate and tiles are among its products. Materials for installation in living rooms, kitchens, bathrooms and walls can be found. George Vincent West founded the company in Atlanta, GA in 2000.
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