PFG Investments LLC Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

PFG Investments LLC acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,076 shares of the company’s stock, valued at approximately $1,251,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Chris Bulman Inc acquired a new stake in Floor & Decor during the second quarter valued at $30,000. Blue Trust Inc. grew its position in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the period. J.Safra Asset Management Corp increased its stake 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 purchasing an additional 372 shares in the last quarter. GAMMA Investing LLC raised its holdings in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the period. Finally, RiverPark Advisors LLC boosted its position in Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after purchasing an additional 473 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FND. Wells Fargo & Company cut their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus lifted their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 30th. TD Cowen cut their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Finally, Truist Financial decreased their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Three 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. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average target price of $104.42.

Floor & Decor Trading Down 1.9 %

Shares of FND stock opened at $102.02 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 company has a 50 day moving average price of $112.24 and a 200 day moving average price of $109.10. The stock has a market capitalization of $10.93 billion, a P/E ratio of 52.86, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.69% 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 company earned $0.66 earnings per share. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.67 EPS 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.