Black Cypress Capital Management LLC Raises Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Black Cypress Capital Management LLC grew its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 41.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,983 shares of the company’s stock after acquiring an additional 10,306 shares during the quarter. Floor & Decor comprises 2.6% of Black Cypress Capital Management LLC’s holdings, making the stock its 11th largest position. Black Cypress Capital Management LLC’s holdings in Floor & Decor were worth $2,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new position in shares of Floor & Decor in the first quarter valued at approximately $47,000. First Horizon Advisors Inc. lifted its position in shares of Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock valued at $69,000 after acquiring an additional 255 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Floor & Decor by 24.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,539 shares of the company’s stock valued at $124,000 after acquiring an additional 298 shares in the last quarter. Signaturefd LLC lifted its position in shares of Floor & Decor by 18.5% in the first quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $141,000 after acquiring an additional 273 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Floor & Decor by 67.6% in the first quarter. CWM LLC now owns 2,105 shares of the company’s stock valued at $169,000 after acquiring an additional 849 shares in the last quarter.

Floor & Decor Price Performance

FND stock opened at $82.50 on Friday. The business has a fifty day moving average of $78.79 and a two-hundred day moving average of $81.48. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 3.69 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on FND. The Goldman Sachs Group decreased their target price on Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, May 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a research report on Tuesday. Wells Fargo & Company reduced their price objective on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average target price of $88.56.

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.