XTX Topco Ltd Invests $1.72 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

XTX Topco Ltd acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,323 shares of the company’s stock, valued at approximately $1,722,000.

Other large investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Floor & Decor during the 1st quarter valued at about $26,000. Chris Bulman Inc purchased a new stake in Floor & Decor in the second quarter valued at approximately $30,000. Rise Advisors LLC bought a new stake in Floor & Decor during the first quarter valued at approximately $39,000. J.Safra Asset Management Corp grew its stake in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 shares in the last quarter.

Floor & Decor Stock Up 2.7 %

NYSE FND opened at $120.63 on Friday. The business’s 50-day moving average is $102.88 and its 200 day moving average is $111.03. The stock has a market capitalization of $12.91 billion, a PE ratio of 58.28, a PEG ratio of 2.19 and a beta of 1.79. 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 Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on FND. Citigroup lowered their price objective 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. Telsey Advisory Group dropped their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Guggenheim cut their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Piper Sandler decreased their price objective on Floor & Decor from $115.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average price target of $103.84.

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.