Capital World Investors Increases Position in Floor & Decor Holdings (FND)
Fintel reports that Capital World Investors
has filed a 13G/A form
with the SEC disclosing ownership of
12.83MM
shares of Floor & Decor Holdings Inc (FND).
This represents 12.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company.
In their previous filing dated February 11, 2022
they reported 11.54MM shares and 10.90{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company,
an increase in shares of 11.27{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
and
an increase in total ownership of
1.20{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} (calculated as current – previous percent ownership).
Analyst Price Forecast Suggests 1.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} Downside
As of February 13, 2023,
the average one-year price target for Floor & Decor Holdings is $92.51.
The forecasts range from a low of $65.65 to a high of $141.75.
The average price target represents a decrease of 1.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} from its latest reported closing price of $94.11.
The projected annual revenue for Floor & Decor Holdings
is $4,989MM, an increase of 20.78{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.
The projected annual EPS
is $3.13, an increase of 18.33{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.
What is the Fund Sentiment?
There are 788 funds or institutions reporting positions in Floor & Decor Holdings.
This is a decrease
of
6
owner(s) or 0.76{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the last quarter.
Average portfolio weight of all funds dedicated to FND is 0.38{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d},
an increase
of 2.18{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.
Total shares owned by institutions increased
in the last three months by 0.83{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} to 138,782K shares.
The put/call ratio of FND is 2.13, indicating a
bearish
outlook.
What are large shareholders doing?
Price T Rowe Associates
holds 10,278K shares
representing 9.69{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} ownership of the company.
In it’s prior filing, the firm reported owning 6,870K shares, representing
an increase
of 33.16{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.
The firm
decreased
its portfolio allocation in FND by 3.52{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} over the last quarter.
AGTHX – GROWTH FUND OF AMERICA
holds 5,623K shares
representing 5.30{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} ownership of the company.
In it’s prior filing, the firm reported owning 5,628K shares, representing
a decrease
of 0.09{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.
The firm
decreased
its portfolio allocation in FND by 7.04{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} over the last quarter.
Berkshire Hathaway
holds 4,780K shares
representing 4.50{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} ownership of the company.
No change in the last quarter.
Wcm Investment Management
holds 4,599K shares
representing 4.33{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} ownership of the company.
In it’s prior filing, the firm reported owning 4,317K shares, representing
an increase
of 6.11{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.
The firm
decreased
its portfolio allocation in FND by 3.12{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} over the last quarter.
PRNHX – T. Rowe Price New Horizons Fund
holds 4,567K shares
representing 4.30{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} ownership of the company.
In it’s prior filing, the firm reported owning 1,586K shares, representing
an increase
of 65.27{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.
The firm
increased
its portfolio allocation in FND by 223.54{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} over the last quarter.
Floor & Decor Holdings Background Information
(This description is provided by the company.)
Floor & Decor is a multi-channel specialty retailer operating 128 warehouse-format stores and two design centers across 30 states at the end of the third quarter of fiscal 2020. The Company offers a broad assortment of in-stock hard-surface flooring, including tile, wood, laminate/luxury vinyl plank, and natural stone along with decorative and installation accessories, at everyday low prices. The Company was founded in 2000 and is headquartered in Atlanta, Georgia.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.