US Bancorp DE Boosts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)
US Bancorp DE increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 8.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,618 shares of the company’s stock after purchasing an additional 5,326 shares during the period. US Bancorp DE owned approximately 0.07{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor worth $4,891,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in FND. Price T Rowe Associates Inc. MD raised its holdings in 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 in the last quarter. WCM Investment Management LLC increased its holdings 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 valued at $307,188,000 after buying an additional 1,324,188 shares in the last quarter. Madison Asset Management LLC purchased a new position in Floor & Decor in the second quarter valued at about $35,695,000. DF Dent & Co. Inc. increased its holdings in Floor & Decor by 148.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. DF Dent & Co. Inc. now owns 731,779 shares of the company’s stock valued at $46,073,000 after buying an additional 436,859 shares in the last quarter. Finally, Riverbridge Partners LLC increased its holdings in Floor & Decor by 53.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. Riverbridge Partners LLC now owns 1,077,838 shares of the company’s stock valued at $67,861,000 after buying an additional 374,098 shares in the last quarter.
Analyst Ratings Changes
FND has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Floor & Decor from $100.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, November 4th. Robert W. Baird dropped their target price on shares of Floor & Decor from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Citigroup increased their target price on shares of Floor & Decor from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 23rd. Piper Sandler lowered their price target on shares of Floor & Decor from $80.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, November 4th. Finally, Sanford C. Bernstein began coverage on shares of Floor & Decor in a research report on Tuesday, December 6th. They issued an “outperform” rating and a $112.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.31.
Floor & Decor Stock Up 2.7 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Shares of NYSE FND opened at $86.58 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $59.91 and a 1 year high of $114.64. The firm’s 50 day moving average price is $74.66 and its 200 day moving average price is $76.25. The firm has a market cap of $9.19 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 1.41.
Floor & Decor (NYSE:FND – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. Floor & Decor had a net margin of 6.75{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a return on equity of 18.96{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2.71 earnings per share for the current year.
Floor & Decor Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.
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