Verdence Capital Advisors LLC Has $607,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Verdence Capital Advisors LLC increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 63.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,890 shares of the company’s stock after purchasing an additional 1,907 shares during the period. Verdence Capital Advisors LLC’s holdings in Floor & Decor were worth $607,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FND. Chris Bulman Inc bought a new stake in shares of Floor & Decor in the 2nd quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares in the last quarter. J.Safra Asset Management Corp raised its stake in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after acquiring an additional 372 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after acquiring an additional 189 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of 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.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $100.49 on Monday. The firm has a fifty day moving average of $110.92 and a two-hundred day moving average of $108.61. 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 stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 55.83, a PEG ratio of 13.20 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 52 week low of $77.01 and a 52 week high of $135.67.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on FND. Piper Sandler dropped their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Citigroup dropped their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, 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.