Thrivent Financial for Lutherans Increases Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Thrivent Financial for Lutherans lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,818 shares of the company’s stock after purchasing an additional 2,586 shares during the period. Thrivent Financial for Lutherans’ holdings in Floor & Decor were worth $3,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after buying an additional 110 shares during the last quarter. Vancity Investment Management Ltd increased its stake in Floor & Decor by 1.5% in the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after purchasing an additional 111 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Floor & Decor by 1.2% during the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after buying an additional 138 shares during the last quarter. Finally, Silver Coast Investments LLC grew its position in shares of Floor & Decor by 5.1% in the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after buying an additional 150 shares during the last quarter.

Floor & Decor Price Performance

Floor & Decor stock opened at $112.00 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $110.06 and its 200 day simple moving average is $108.00. Floor & Decor Holdings, Inc. has a 52 week low of $89.06 and a 52 week high of $135.67. The firm has a market capitalization of $12.01 billion, a PE ratio of 62.22, a P/E/G ratio of 13.98 and a beta of 1.83.

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

Analyst Ratings Changes

FND has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price 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. JPMorgan Chase & Co. dropped their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Guggenheim lowered their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Finally, Robert W. Baird cut their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.