Virginia Retirement Systems ET AL Has $842,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)
Virginia Retirement Systems ET AL raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 6.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the first quarter, Holdings Channel.com reports. The fund owned 10,400 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Floor & Decor were worth $842,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverbridge Partners LLC raised its position in shares of Floor & Decor by 75.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the first quarter. Riverbridge Partners LLC now owns 703,740 shares of the company’s stock valued at $57,003,000 after purchasing an additional 303,436 shares during the period. Congress Asset Management Co. MA increased its holdings in Floor & Decor by 1.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. Congress Asset Management Co. MA now owns 1,203,961 shares of the company’s stock valued at $97,521,000 after buying an additional 17,232 shares during the period. Icon Wealth Partners LLC bought a new stake in Floor & Decor in the 1st quarter valued at $379,000. Ellevest Inc. boosted its stake in shares of Floor & Decor by 40.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. Ellevest Inc. now owns 617 shares of the company’s stock valued at $50,000 after purchasing an additional 178 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in shares of Floor & Decor by 4.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. Resonant Capital Advisors LLC now owns 4,639 shares of the company’s stock valued at $372,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 96.48{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company’s stock.
A number of research analysts have issued reports on the stock. Wedbush cut their target price on shares of Floor & Decor from $130.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, May 6th. Piper Sandler decreased their price objective on Floor & Decor from $136.00 to $102.00 in a research report on Thursday, April 7th. Jefferies Financial Group decreased their price objective on Floor & Decor from $150.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday, March 17th. Gordon Haskett downgraded Floor & Decor from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Finally, Citigroup cut their price objective on Floor & Decor from $137.00 to $106.00 in a report on Friday, May 13th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.92.
Shares of FND stock opened at $72.50 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.21 and a quick ratio of 0.16. The stock’s 50 day simple moving average is $71.67 and its two-hundred day simple moving average is $90.22. Floor & Decor Holdings, Inc. has a 1 year low of $59.91 and a 1 year high of $145.89. The company has a market cap of $7.67 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 0.98 and a beta of 1.77.
Floor & Decor (NYSE:FND – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Floor & Decor had a return on equity of 20.21{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a net margin of 7.57{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The business’s revenue for the quarter was up 31.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2.89 EPS for the current year.
About Floor & Decor (Get Rating)
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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