Mitsubishi UFJ Trust & Banking Corp Has $8.55 Million Stake in Floor & Decor Holdings, Inc. $FND

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,051 shares of the company’s stock after selling 14,787 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Floor & Decor were worth $8,553,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Durable Capital Partners LP acquired a new position in shares of Floor & Decor in the 2nd quarter valued at approximately $106,221,000. Artisan Partners Limited Partnership bought a new position in Floor & Decor in the second quarter valued at approximately $64,450,000. Raymond James Financial Inc. boosted its holdings in shares of Floor & Decor by 76.9% in the second quarter. Raymond James Financial Inc. now owns 1,160,407 shares of the company’s stock valued at $88,145,000 after buying an additional 504,465 shares during the period. Invesco Ltd. boosted its holdings in shares of Floor & Decor by 290.8% in the second quarter. Invesco Ltd. now owns 597,083 shares of the company’s stock valued at $45,354,000 after buying an additional 444,290 shares during the period. Finally, Wasatch Advisors LP increased its position in shares of Floor & Decor by 19.2% during the second quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock worth $206,397,000 after acquiring an additional 437,396 shares in the last quarter.

Floor & Decor Price Performance

NYSE:FND opened at $69.33 on Thursday. The company has a market cap of $7.47 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.78 and a beta of 1.73. The firm’s fifty day moving average price is $66.00 and its two-hundred day moving average price is $72.50. Floor & Decor Holdings, Inc. has a one year low of $55.11 and a one year high of $104.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. Floor & Decor’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Insider Transactions at Floor & Decor

In other news, President Bradley Paulsen acquired 5,000 shares of Floor & Decor stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the acquisition, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, November 12th. Citigroup cut their price target on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Stifel Nicolaus decreased their price objective on Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Barclays dropped their target price on Floor & Decor from $78.00 to $70.00 and set a “positive” rating on the stock in a research report on Thursday, January 8th. Finally, TD Cowen lifted their price target on shares of Floor & Decor from $77.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $82.84.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.