Dimensional Fund Advisors LP Purchases 23,227 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)
Dimensional Fund Advisors LP grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 3.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613,848 shares of the company’s stock after buying an additional 23,227 shares during the period. Dimensional Fund Advisors LP owned 0.58{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor worth $43,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
→ Worse than CBDCs … (From Weiss Ratings)
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wipfli Financial Advisors LLC purchased a new position in shares of Floor & Decor during the third quarter valued at approximately $25,000. PARK CIRCLE Co acquired a new stake in Floor & Decor in the third quarter worth about $28,000. Canada Pension Plan Investment Board acquired a new stake in shares of Floor & Decor during the first quarter worth $57,000. CWM LLC lifted its holdings in shares of Floor & Decor by 88.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the third quarter. CWM LLC now owns 820 shares of the company’s stock worth $58,000 after purchasing an additional 386 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Floor & Decor by 168.4{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. Parkside Financial Bank & Trust now owns 730 shares of the company’s stock worth $59,000 after purchasing an additional 458 shares during the last quarter.
Analyst Ratings Changes
Several analysts have commented on FND shares. Piper Sandler raised their price objective on Floor & Decor from $66.00 to $86.00 in a report on Wednesday, February 15th. Gordon Haskett downgraded Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Friday, February 10th. Credit Suisse Group started coverage on Floor & Decor in a research report on Monday, December 19th. They issued a “neutral” rating and a $80.00 target price for the company. Barclays initiated coverage on Floor & Decor in a research note on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 price objective for the company. Finally, Citigroup raised their target price on Floor & Decor from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $94.33.
Floor & Decor Trading Up 1.6 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Shares of Floor & Decor stock opened at $91.81 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.16 and a current ratio of 1.45. The stock has a market cap of $9.74 billion, a PE ratio of 33.14, a PEG ratio of 1.46 and a beta of 1.82. The firm has a 50-day moving average of $85.87 and a 200-day moving average of $79.75. Floor & Decor Holdings, Inc. has a 52-week low of $59.91 and a 52-week high of $104.83.
Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} on a year-over-year basis. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2.81 EPS for the current year.
About Floor & Decor
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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