Disciplined Growth Investors Inc. MN Purchases New Position in Floor & Decor Holdings, Inc. (NYSE:FND)
Disciplined Growth Investors Inc. MN purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 402,335 shares of the company’s stock, valued at approximately $28,268,000. Disciplined Growth Investors Inc. MN owned approximately 0.38{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor as of its most recent SEC filing.
→ My No. 1 dividend stock for a LIFETIME of income. (From Oxford Club)
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FND. Price T Rowe Associates Inc. MD raised its stake in shares of Floor & Decor by 729.7{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the second quarter. Price T Rowe Associates Inc. MD now owns 6,870,442 shares of the company’s stock worth $432,563,000 after purchasing an additional 6,042,378 shares during the last quarter. WCM Investment Management LLC raised its position in Floor & Decor by 44.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter. WCM Investment Management LLC now owns 4,317,473 shares of the company’s stock worth $307,188,000 after acquiring an additional 1,324,188 shares in the last quarter. Point72 Asset Management L.P. raised its position in Floor & Decor by 2,395.4{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter. Point72 Asset Management L.P. now owns 688,625 shares of the company’s stock worth $48,383,000 after acquiring an additional 718,625 shares in the last quarter. Madison Asset Management LLC purchased a new position in Floor & Decor in the second quarter worth $35,695,000. Finally, Timucuan Asset Management Inc. FL raised its position in Floor & Decor by 31.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter. Timucuan Asset Management Inc. FL now owns 1,848,835 shares of the company’s stock worth $129,899,000 after acquiring an additional 439,430 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Loop Capital increased their price objective on Floor & Decor from $65.00 to $82.00 and gave the stock a “hold” rating in a research report on Monday, February 27th. Telsey Advisory Group lowered their target price on Floor & Decor from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, February 24th. Piper Sandler upped their target price on Floor & Decor from $66.00 to $86.00 in a report on Wednesday, February 15th. Citigroup lowered their target price on Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. Finally, Gordon Haskett lowered Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.06.
Floor & Decor Stock Performance
Floor & Decor stock traded up $1.60 during trading hours on Friday, hitting $87.33. The stock had a trading volume of 420,523 shares, compared to its average volume of 1,567,260. The company has a 50-day moving average of $88.36 and a two-hundred day moving average of $79.63. The company has a quick ratio of 0.16, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a market cap of $9.27 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.82. Floor & Decor Holdings, Inc. has a fifty-two week low of $59.91 and a fifty-two week high of $104.83.
Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly 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 return on equity of 19.35{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a net margin of 6.99{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} on a year-over-year basis. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2.74 EPS for the current fiscal year.
Insider Activity
In related news, EVP David Victor Christopherson sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total transaction of $368,000.00. Following the sale, the executive vice president now directly owns 56,527 shares in the company, valued at approximately $5,200,484. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP David Victor Christopherson sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total transaction of $368,000.00. Following the sale, the executive vice president now 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 Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $159,423.96. Following the sale, the director now directly owns 9,189 shares in the company, valued at approximately $844,836.66. The disclosure for this sale can be found here. Corporate 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.
Read More
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 “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
