VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 73.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,300 shares of the company’s stock after selling 22,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Floor & Decor were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of FND. Madison Asset Management LLC purchased a new stake in shares of Floor & Decor in the 2nd quarter valued at $78,941,000. Turtle Creek Asset Management Inc. boosted its holdings in Floor & Decor by 41.7% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock valued at $140,088,000 after acquiring an additional 811,910 shares during the period. Dimensional Fund Advisors LP grew its position in Floor & Decor by 33.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock valued at $132,424,000 after acquiring an additional 659,355 shares in the last quarter. Alua Capital Management LP acquired a new position in Floor & Decor in the 1st quarter valued at about $22,393,000. Finally, Principal Financial Group Inc. grew its position in Floor & Decor by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock valued at $347,354,000 after acquiring an additional 416,572 shares in the last quarter.
Floor & Decor Stock Down 0.4%
Shares of NYSE FND opened at $51.25 on Friday. The stock has a market cap of $5.46 billion, a P/E ratio of 22.98, a PEG ratio of 4.31 and a beta of 1.56. The company has a current ratio of 1.32, a quick ratio of 0.44 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $77.46. The business’s fifty day simple moving average is $47.44 and its 200-day simple moving average is $54.29.
Floor & Decor (NYSE:FND – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business posted $0.53 earnings per share. Floor & Decor’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on FND shares. Wolfe Research reiterated an “underperform” rating and set a $41.00 price target on shares of Floor & Decor in a research note on Tuesday, July 21st. Stifel Nicolaus lowered their price objective on shares of Floor & Decor from $52.00 to $51.00 and set a “hold” rating for the company in a research note on Monday, November 2nd. Truist Financial dropped their price objective on shares of Floor & Decor from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, October 30th. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $59.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Finally, Morgan Stanley cut their target price on shares of Floor & Decor from $64.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $54.70.
Read Our Latest Stock Analysis on FND
Floor & Decor Company Profile
Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.
Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.
Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.
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