B. Metzler seel. Sohn & Co. Holding AG Invests $1.89 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,197 shares of the company’s stock, valued at approximately $1,887,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the last quarter. Chris Bulman Inc bought a new position in Floor & Decor in the second quarter worth about $30,000. J.Safra Asset Management Corp boosted its holdings in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after acquiring an additional 189 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after acquiring an additional 196 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. 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 Monday, November 11th. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Finally, Melius Research began coverage on Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Performance

FND opened at $107.15 on Friday. The firm’s fifty day simple moving average is $110.09 and its two-hundred day simple moving average is $108.15. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 59.53, a PEG ratio of 13.00 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last released 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Floor & Decor Company 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.