Quantinno Capital Management LP Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Quantinno Capital Management LP boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 64.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,072 shares of the company’s stock after acquiring an additional 1,589 shares during the quarter. Quantinno Capital Management LP’s holdings in Floor & Decor were worth $506,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FND. Quarry LP purchased a new stake in Floor & Decor during the third quarter worth about $34,000. Blue Trust Inc. boosted its stake in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares in the last quarter. Chris Bulman Inc acquired a new stake in shares of Floor & Decor in the 2nd quarter worth approximately $30,000. UMB Bank n.a. increased its stake in Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares in the last quarter. Finally, CWM LLC raised its holdings in Floor & Decor by 15.8% during the third quarter. CWM LLC now owns 1,289 shares of the company’s stock worth $160,000 after purchasing an additional 176 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FND shares. Mizuho raised their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Finally, Melius Research started coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.37.

Floor & Decor Price Performance

Floor & Decor stock opened at $110.47 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a 50 day moving average price of $107.90 and a 200 day moving average price of $107.46. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 61.37, a PEG ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

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.