Should You Consider Adding Floor & Decor Holdings (FND) to Your Portfolio?
TimesSquare Money Management, an equity investment management company, launched its “U.S. Mid Cap Growth Strategy” fourth-quarter trader letter. A duplicate of the very same can be downloaded right here. In the fourth quarter, the approach returned 4.18{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} (net), in contrast to 6.90{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} for the Russell Midcap Expansion Index. For the calendar year, the system returned -22.13{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} (internet) compared to the benchmark’s return of -26.72{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. Weakness in Purchaser Staples, Power, Well being Care, Data Technologies, and Serious Estate holdings led to the underperformance of the portfolio in the quarter. In addition, you should test the fund’s leading 5 holdings to know its finest picks in 2022.
TimesSquare U.S. Mid Cap Growth System highlighted stocks like Floor & Decor Holdings, Inc. (NYSE:FND) in the Q4 2022 trader letter. Headquartered in Atlanta, Ga, Flooring & Decor Holdings, Inc. (NYSE:FND) is a retailer and professional flooring distributor that presents tile, wooden, laminate, vinyl, and organic stone flooring goods and attractive equipment. On March 31, 2023, Floor & Decor Holdings, Inc. (NYSE:FND) inventory closed at $98.22 for each share. One particular-month return of Floor & Decor Holdings, Inc. (NYSE:FND) was 9.52{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}, and its shares received 16.85{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of their price over the past 52 months. Floor & Decor Holdings, Inc. (NYSE:FND) has a current market capitalization of $10.457 billion.
TimesSquare U.S. Mid Cap Advancement Tactic manufactured the subsequent remark about Floor & Decor Holdings, Inc. (NYSE:FND) in its Q4 2022 trader letter:
“Flooring & Decor Holdings, Inc. (NYSE:FND) claimed superior-than-anticipated 3rd quarter profits and earnings. Administration lessened their whole-calendar year gross sales outlook and trimmed the leading end of earnings steering to account for predicted macro-associated desire troubles. Its shares pulled again -1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}.”
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Floor & Decor Holdings, Inc. (NYSE:FND) is not on our list of 30 Most Well-liked Stocks Amongst Hedge Resources. As per our databases, 37 hedge fund portfolios held Floor & Decor Holdings, Inc. (NYSE:FND) at the conclude of the fourth quarter which was 32 in the former quarter.
We discussed Floor & Decor Holdings, Inc. (NYSE:FND) in yet another write-up and shared the listing of very best carrying out Warren Buffett stocks in 2023. In addition, please verify out our hedge fund investor letters Q4 2022 page for much more investor letters from hedge cash and other primary investors.
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Disclosure: None. This article is originally posted at Insider Monkey.