133,645 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 133,645 shares of the company’s stock, valued at approximately $13,324,000. Twinbeech Capital LP owned 0.12% of Floor & Decor as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Floor & Decor by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Floor & Decor by 21.1% in the 4th quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock valued at $115,000 after purchasing an additional 200 shares during the last quarter. UMB Bank n.a. increased its position in shares of Floor & Decor by 30.8% in the 4th quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $93,000 after purchasing an additional 220 shares during the last quarter. Bennett Selby Investments LP increased its position in shares of Floor & Decor by 1.5% in the 4th quarter. Bennett Selby Investments LP now owns 114,358 shares of the company’s stock valued at $11,401,000 after purchasing an additional 1,648 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after purchasing an additional 166 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FND. Wells Fargo & Company dropped their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Guggenheim lowered their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group lowered their target price on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus lowered their target price on shares of Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler lowered their target price on shares of Floor & Decor from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.56.

Floor & Decor Stock Down 0.4%

Shares of NYSE:FND opened at $79.19 on Tuesday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.24. The stock has a market cap of $8.52 billion, a P/E ratio of 41.68, a P/E/G ratio of 19.06 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a fifty day moving average price of $76.58 and a 200 day moving average price of $92.77.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business earned $0.46 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.