Sanctuary Advisors LLC Acquires Shares of 2,545 Floor & Decor Holdings, Inc. (NYSE:FND)

Sanctuary Advisors LLC acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 2,545 shares of the company’s stock, valued at approximately $253,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Floor & Decor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after purchasing an additional 81,305 shares during the period. Capital Research Global Investors lifted its stake in shares of Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after purchasing an additional 1,334,650 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of Floor & Decor by 1.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock valued at $111,720,000 after purchasing an additional 16,125 shares during the period. Capital International Investors lifted its stake in shares of Floor & Decor by 7.4% in the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after purchasing an additional 73,448 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Floor & Decor by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after purchasing an additional 115,876 shares during the period.

Floor & Decor Trading Up 1.5 %

Shares of FND stock opened at $110.04 on Friday. The company’s 50-day moving average price is $112.18 and its 200-day moving average price is $109.80. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 53.16, a PEG ratio of 15.35 and a beta of 1.80. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Floor & Decor’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Melius Research assumed coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price for the company. Guggenheim cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus boosted their price target on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. JPMorgan Chase & Co. cut their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Evercore ISI cut their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.42.

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.