International Assets Investment Management LLC Increases Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

International Assets Investment Management LLC boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 63,243.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,748 shares of the company’s stock after purchasing an additional 93,600 shares during the quarter. International Assets Investment Management LLC owned about 0.09% of Floor & Decor worth $11,641,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Floor & Decor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock worth $1,262,506,000 after purchasing an additional 81,305 shares in the last quarter. Capital Research Global Investors lifted its stake in Floor & Decor by 20.4% in 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 in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in Floor & Decor by 1.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after purchasing an additional 16,125 shares in the last quarter. Capital International Investors lifted its stake in Floor & Decor by 7.4% in the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after purchasing an additional 73,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Floor & Decor by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after purchasing an additional 115,876 shares in the last quarter.

Floor & Decor Price Performance

Shares of FND stock opened at $100.88 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The company has a market capitalization of $10.80 billion, a P/E ratio of 48.73, a P/E/G ratio of 13.92 and a beta of 1.80. The company’s 50-day simple moving average is $112.00 and its two-hundred day simple moving average is $108.92. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup decreased their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Melius Research assumed coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of Floor & Decor from $100.00 to $97.50 and set a “hold” rating on the stock in a research report on Monday. Robert W. Baird decreased their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $104.76.

About Floor & Decor

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.