&Partners acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) during the 2nd quarter, according to the company’s most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The institutional investor acquired 3,265 shares of the company’s stock valued at approximately $325,000.
Other hedge funds have also made changes to their hold on the company. Wellington Management Group LLP increased its stake in Floor & Decor by 40.6% in the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after buying an additional 265,622 shares in the last quarter. Duality Advisers LP acquired a new stake in Floor & Decor in the first quarter valued at about $4,238,000. Dimensional Fund Advisors LP increased its stake in Floor & Decor by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after buying an additional 79,210 shares during the same period. Charles Schwab Investment Management Inc. increased its stake in Floor & Decor by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 781,657 shares of the company’s stock valued at $87,202,000 after acquiring an additional 25,740 shares in the last quarter. Finally, American International Group Inc. increased its stake in Floor & Decor by 7,906.5% in the 4th quarter. American International Group Inc. now owns 144,837 shares of the company’s stock valued at $16,158,000 after acquiring an additional 143,028 shares during the period.
Changes in analyst ratings
FND has been the subject of numerous analyst reports. Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, July 29. Citigroup lowered their price target on Floor & Decor from $109.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, July 19. Evercore ISI lowered their price target on Floor & Decor from $120.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2. Wells Fargo & Company lowered their price target on Floor & Decor from $125.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26. Finally, Truist Financial decreased their price target on Floor & Decor from $130.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 10. Two equities analysts have rated the stock with a sell rating, thirteen have given a hold rating, and five have given a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $104.37.
Check out our latest research report on FND
Floor & Decor Price Performance
Shares of NYSE FND opened at $111.65 on Monday. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The stock has a market cap of $11.95 billion, a P/E ratio of 53.94, a PEG ratio of 10.13 and a beta of 1.74. The company’s 50-day moving average is $100.44 and its 200-day moving average is $111.37. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.
Floor & Decor (NYSE:FND – Get Free Report) last announced its quarterly earnings results on Thursday, August 1. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company’s revenue decreased 0.2% year-over-year. In the same quarter last year, the company reported earnings per share of $0.66. Equities analysts expect Floor & Decor Holdings, Inc. to report earnings per share of $1.81 for the current year.
Insider buying and selling
In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock on Wednesday, June 12. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the CEO now owns 168,386 shares of the company’s stock, valued at $21,048,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company’s stock.
Floor and decorative profile
(Free report)
Floor & Decor Holdings, Inc., together with its subsidiaries, is a multi-channel hard flooring specialty retailer and accessory retailer and seller of commercial flooring 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. It also offers vanities, shower doors, bathroom accessories, faucets, sinks, custom countertops, bathroom mirrors and bathroom lighting.
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