Private Advisor Group LLC Purchases New Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Private Advisor Group LLC purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,678 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently modified their holdings of FND. Russell Investments Group Ltd. boosted its position in Floor & Decor by 15.0% during the first quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after purchasing an additional 12,158 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Floor & Decor in the first quarter worth $24,791,000. Capital International Investors raised its holdings in shares of Floor & Decor by 7.4% in the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after acquiring an additional 73,448 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock worth $1,262,506,000 after acquiring an additional 81,305 shares during the last quarter. Finally, Scientech Research LLC raised its holdings in shares of Floor & Decor by 353.0% in the second quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock worth $1,767,000 after acquiring an additional 13,850 shares during the last quarter.

Floor & Decor Stock Down 0.8 %

Shares of Floor & Decor stock opened at $100.46 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $110.92 and its 200-day simple moving average is $108.63. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 55.81, a PEG ratio of 14.28 and a beta of 1.83. Floor & Decor Holdings, Inc. has a twelve month low of $77.01 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly 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. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FND shares. Guggenheim cut their price target 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 cut their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. cut their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Melius Research began coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Thursday, October 31st. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $104.37.

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.