Barclays PLC Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)
Barclays PLC raised its position in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 692.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,741 shares of the company’s stock after buying an additional 219,119 shares during the period. Barclays PLC owned approximately 0.24{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor worth $17,616,000 at the end of the most recent quarter.
→ Is This The End of Capitalism? (From Porter & Company)
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alera Investment Advisors LLC lifted its holdings in Floor & Decor by 2.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. Alera Investment Advisors LLC now owns 5,433 shares of the company’s stock worth $343,000 after acquiring an additional 117 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Floor & Decor by 1.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the first quarter. Lazard Asset Management LLC now owns 10,982 shares of the company’s stock worth $889,000 after acquiring an additional 141 shares during the last quarter. Arizona State Retirement System lifted its holdings in Floor & Decor by 0.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. Arizona State Retirement System now owns 28,685 shares of the company’s stock worth $1,806,000 after acquiring an additional 142 shares during the last quarter. ACR Alpine Capital Research LLC lifted its holdings in Floor & Decor by 2.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. ACR Alpine Capital Research LLC now owns 6,657 shares of the company’s stock worth $419,000 after acquiring an additional 144 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Floor & Decor by 61.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. CWM LLC now owns 434 shares of the company’s stock valued at $27,000 after purchasing an additional 166 shares during the period.
Floor & Decor Trading Down 0.1 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Floor & Decor stock opened at $87.22 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 1.41. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 1.09 and a beta of 1.72. Floor & Decor Holdings, Inc. has a 1 year low of $59.91 and a 1 year high of $112.79. The firm’s 50 day moving average price is $76.23 and its two-hundred day moving average price is $77.28.
Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. Floor & Decor had a net margin of 6.75{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a return on equity of 18.96{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 2.67 EPS for the current fiscal year.
Analyst Ratings Changes
FND has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of Floor & Decor from $80.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, November 4th. Credit Suisse Group initiated coverage on shares of Floor & Decor in a research note on Monday, December 19th. They issued a “neutral” rating and a $80.00 price target on the stock. Telsey Advisory Group dropped their price target on shares of Floor & Decor from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, October 31st. Robert W. Baird dropped their price target on shares of Floor & Decor from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Floor & Decor in a research note on Tuesday, December 6th. They issued an “outperform” rating and a $112.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Moderate Buy” and a consensus price target of $93.63.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.
Recommended Stories
Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Floor & Decor, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Floor & Decor wasn’t on the list.
While Floor & Decor currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
