Sanctuary Advisors LLC Has $338,000 Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Sanctuary Advisors LLC boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,725 shares of the company’s stock after purchasing an additional 180 shares during the quarter. Sanctuary Advisors LLC’s holdings in Floor & Decor were worth $338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Floor & Decor by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after buying an additional 24,509 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of Floor & Decor by 5.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,183,669 shares of the company’s stock valued at $146,976,000 after purchasing an additional 59,839 shares in the last quarter. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor during the 3rd quarter valued at approximately $1,090,000. Public Employees Retirement System of Ohio increased its holdings in shares of Floor & Decor by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 79,808 shares of the company’s stock worth $9,910,000 after buying an additional 1,291 shares in the last quarter. Finally, DF Dent & Co. Inc. lifted its stake in shares of Floor & Decor by 30.2% in the 3rd quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock valued at $73,478,000 after acquiring an additional 137,388 shares during the last quarter.

Floor & Decor Trading Down 1.2 %

FND stock opened at $99.90 on Friday. The company’s 50 day moving average price is $106.13 and its two-hundred day moving average price is $106.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The company has a market capitalization of $10.71 billion, a PE ratio of 55.50, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FND. Mizuho upped their target price on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Piper Sandler dropped their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Telsey Advisory Group restated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Melius Research assumed coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Two 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, the company presently has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor 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.