&Partners Makes New $325,000 Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

&Partners acquired a new position in 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 institutional investor acquired 3,265 shares of the company’s stock, valued at approximately $325,000.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Floor & Decor by 40.6% in the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after purchasing an additional 265,622 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of Floor & Decor in the first quarter valued at about $4,238,000. Dimensional Fund Advisors LP raised its holdings in shares of Floor & Decor by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after buying an additional 79,210 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Floor & Decor by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 781,657 shares of the company’s stock worth $87,202,000 after acquiring an additional 25,740 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Floor & Decor by 7,906.5% in the 4th quarter. American International Group Inc. now owns 144,837 shares of the company’s stock worth $16,158,000 after acquiring an additional 143,028 shares during the period.

Analyst Ratings Changes

FND has been the topic of a number of analyst reports. 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 research note on Monday, July 29th. Citigroup cut their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Evercore ISI lowered their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company cut their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Truist Financial lowered their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $104.37.

Floor & Decor Price Performance

Shares of NYSE FND opened at $111.65 on Monday. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock has a market cap of $11.95 billion, a P/E ratio of 53.94, a P/E/G ratio of 10.13 and a beta of 1.74. The firm’s 50-day simple moving average is $100.44 and its 200 day simple moving average is $111.37. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Equities analysts expect that Floor & Decor Holdings, Inc. will post 1.81 EPS for the current year.

Insider Buying and Selling

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company’s stock.

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.