Charles Schwab Investment Management Inc. Has $103 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Charles Schwab Investment Management Inc. boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 829,530 shares of the company’s stock after buying an additional 12,109 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Floor & Decor were worth $103,003,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Floor & Decor by 1.6% during the 3rd quarter. King Luther Capital Management Corp now owns 11,160 shares of the company’s stock worth $1,386,000 after buying an additional 173 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Floor & Decor in the 3rd quarter valued at $1,887,000. Thrivent Financial for Lutherans lifted its stake in shares of Floor & Decor by 8.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,818 shares of the company’s stock valued at $3,951,000 after purchasing an additional 2,586 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Floor & Decor by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 408,012 shares of the company’s stock valued at $50,663,000 after purchasing an additional 51,322 shares during the period.

Floor & Decor Price Performance

NYSE FND opened at $114.75 on Wednesday. The firm’s 50 day moving average is $110.11 and its 200-day moving average is $108.00. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $12.30 billion, a PE ratio of 63.75, a price-to-earnings-growth ratio of 14.63 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion for 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 company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FND. Melius Research began coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Stifel Nicolaus increased their price target on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Piper Sandler cut their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Three research 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.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $104.37.

About Floor & Decor

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.