Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Lifted by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,987 shares of the company’s stock after acquiring an additional 127 shares during the quarter. King Luther Capital Management Corp’s holdings in Floor & Decor were worth $1,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after buying an additional 96 shares during the period. Vancity Investment Management Ltd boosted its position in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after acquiring an additional 111 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after acquiring an additional 120 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Floor & Decor by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after acquiring an additional 121 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after purchasing an additional 138 shares during the period.

Wall Street Analyst Weigh In

FND has been the subject of several research reports. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, August 2nd. Citigroup lowered their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Robert W. Baird cut their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Truist Financial lowered their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company cut their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $103.84.

Floor & Decor Stock Down 0.8 %

FND stock opened at $119.62 on Monday. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 57.79, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The company has a 50-day moving average of $103.88 and a two-hundred day moving average of $110.90. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.66 EPS. The company’s revenue was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

Floor & Decor Company Profile

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.