Floor & Decor (NYSE:FND) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) saw unusually-high trading volume on Wednesday . Approximately 2,538,011 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 1,477,381 shares.The stock last traded at $102.47 and had previously closed at $99.55.

Analysts Set New Price Targets

Several brokerages have commented on FND. JPMorgan Chase & Co. cut their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th. Robert W. Baird dropped their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Finally, Stifel Nicolaus boosted their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.37.

Floor & Decor Price Performance

The company has a market cap of $11.73 billion, a PE ratio of 59.53, a price-to-earnings-growth ratio of 13.00 and a beta of 1.83. The business has a 50 day moving average of $110.09 and a 200 day moving average of $108.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $0.61 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after purchasing an additional 24,509 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in shares of Floor & Decor by 5.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,183,669 shares of the company’s stock worth $146,976,000 after buying an additional 59,839 shares during the last quarter. Conway Capital Management Inc. bought a new position in Floor & Decor during the 3rd quarter valued at approximately $1,090,000. Public Employees Retirement System of Ohio raised its stake in Floor & Decor by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 79,808 shares of the company’s stock valued at $9,910,000 after buying an additional 1,291 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in Floor & Decor by 30.2% in the third quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock worth $73,478,000 after acquiring an additional 137,388 shares in the last quarter.

About Floor & Decor

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.