Bennett Selby Investments LP Has $7.34 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)
Bennett Selby Investments LP raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 3.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,343 shares of the company’s stock after buying an additional 3,966 shares during the quarter. Floor & Decor accounts for approximately 5.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Bennett Selby Investments LP’s holdings, making the stock its 5th biggest holding. Bennett Selby Investments LP owned approximately 0.10{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor worth $7,335,000 at the end of the most recent quarter.
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Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Floor & Decor by 49.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 10,278,459 shares of the company’s stock worth $722,165,000 after buying an additional 3,408,017 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Floor & Decor by 0.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the third quarter. Vanguard Group Inc. now owns 9,098,053 shares of the company’s stock valued at $639,229,000 after acquiring an additional 56,747 shares during the period. BlackRock Inc. boosted its stake in shares of Floor & Decor by 0.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. BlackRock Inc. now owns 6,580,259 shares of the company’s stock valued at $533,001,000 after purchasing an additional 55,279 shares in the last quarter. Abdiel Capital Advisors LP boosted its stake in shares of Floor & Decor by 1.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 2nd quarter. Abdiel Capital Advisors LP now owns 4,348,584 shares of the company’s stock valued at $273,787,000 after purchasing an additional 64,814 shares in the last quarter. Finally, WCM Investment Management LLC grew its holdings in shares of Floor & Decor by 44.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 3rd quarter. WCM Investment Management LLC now owns 4,317,473 shares of the company’s stock worth $307,188,000 after purchasing an additional 1,324,188 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts have commented on FND shares. Citigroup reduced their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, March 3rd. Barclays began coverage on Floor & Decor in a report on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 target price on the stock. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Floor & Decor in a report on Wednesday, March 15th. Sanford C. Bernstein assumed coverage on Floor & Decor in a report on Tuesday, December 6th. They set an “outperform” rating and a $112.00 target price on the stock. Finally, Morgan Stanley raised their target price on Floor & Decor from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, February 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $91.59.
Floor & Decor Trading Down 0.5 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Shares of FND traded down $0.45 on Friday, reaching $91.47. 171,969 shares of the company’s stock were exchanged, compared to its average volume of 1,558,038. The business has a 50 day moving average price of $91.09 and a two-hundred day moving average price of $80.03. Floor & Decor Holdings, Inc. has a 12 month low of $59.91 and a 12 month high of $102.61. The stock has a market capitalization of $9.71 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.82. The company has a current ratio of 1.45, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24.
Floor & Decor (NYSE:FND – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.58 by $0.06. Floor & Decor had a net margin of 6.99{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a return on equity of 19.35{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} compared to the same quarter last year. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 2.74 earnings per share for the current year.
Insider Buying and Selling at Floor & Decor
In other news, EVP David Victor Christopherson sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total value of $368,000.00. Following the completion of the sale, the executive vice president now directly owns 56,527 shares of the company’s stock, valued at approximately $5,200,484. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Richard L. Sullivan sold 1,734 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total transaction of $159,423.96. Following the sale, the director now owns 9,189 shares of the company’s stock, valued at approximately $844,836.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total value of $368,000.00. Following the transaction, the executive vice president now owns 56,527 shares in the company, valued at $5,200,484. The disclosure for this sale can be found here. Insiders own 2.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company’s stock.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.
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