Cwm LLC Raises Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Cwm LLC increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 15.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,289 shares of the company’s stock after purchasing an additional 176 shares during the period. Cwm LLC’s holdings in Floor & Decor were worth $160,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares during the period. XN LP purchased a new position in Floor & Decor in the second quarter worth $70,177,000. Lord Abbett & CO. LLC purchased a new stake in shares of Floor & Decor during the 1st quarter worth $24,791,000. Natixis Advisors LLC grew its stake in shares of Floor & Decor by 94.7% during the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after purchasing an additional 173,518 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $14,953,000.

Analysts Set New Price Targets

Several brokerages have weighed in on FND. TD Cowen lowered their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Citigroup dropped their price objective on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Evercore ISI decreased their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Guggenheim dropped their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Robert W. Baird cut their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $104.42.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $103.81 on Thursday. The company has a market cap of $11.11 billion, a P/E ratio of 50.15, a P/E/G ratio of 15.35 and a beta of 1.80. The business has a fifty day simple moving average of $112.33 and a 200-day simple moving average of $109.40. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The firm’s revenue was down .2% on a year-over-year basis. Equities research analysts forecast 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.