Signaturefd LLC Raises Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Signaturefd LLC raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FNDFree Report) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,334 shares of the company’s stock after purchasing an additional 181 shares during the period. Signaturefd LLC’s holdings in Floor & Decor were worth $121,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Y.D. More Investments Ltd bought a new position in shares of Floor & Decor during the 3rd quarter valued at $45,000. Stephens Inc. AR lifted its holdings in shares of Floor & Decor by 72.5% during the 1st quarter. Stephens Inc. AR now owns 545 shares of the company’s stock valued at $54,000 after buying an additional 229 shares during the period. Benjamin Edwards Inc. bought a new position in shares of Floor & Decor during the 2nd quarter valued at $58,000. Canada Pension Plan Investment Board purchased a new position in Floor & Decor during the first quarter valued at $57,000. Finally, Parkside Financial Bank & Trust lifted its position in Floor & Decor by 168.4% during the first quarter. Parkside Financial Bank & Trust now owns 730 shares of the company’s stock valued at $59,000 after purchasing an additional 458 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lowered their target price on Floor & Decor from $82.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Jefferies Financial Group lowered their target price on Floor & Decor from $100.00 to $93.00 and set a “hold” rating on the stock in a research report on Wednesday, October 4th. Stifel Nicolaus downgraded Floor & Decor from a “buy” rating to a “hold” rating and lifted their target price for the company from $95.00 to $115.00 in a research report on Wednesday, December 20th. BNP Paribas downgraded Floor & Decor from an “outperform” rating to an “underperform” rating in a research report on Wednesday, November 29th. Finally, Guggenheim lowered their price objective on Floor & Decor from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.67.

View Our Latest Analysis on FND

Insiders Place Their Bets

In other Floor & Decor news, EVP David Victor Christopherson sold 19,634 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $114.50, for a total transaction of $2,248,093.00. Following the sale, the executive vice president now directly owns 36,552 shares of the company’s stock, valued at $4,185,204. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

Floor & Decor Trading Down 1.6 %

Shares of FND stock opened at $100.55 on Thursday. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $116.70. The company has a current ratio of 1.14, a quick ratio of 0.20 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $104.90 and its 200-day moving average price is $97.89. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 4.46 and a beta of 1.90.

Floor & Decor (NYSE:FNDGet Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.06. Floor & Decor had a return on equity of 15.69% and a net margin of 6.30%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 2.21 EPS for the current fiscal year.

About Floor & Decor

(Free Report)

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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