Blueshift Asset Management LLC Invests $825,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Blueshift Asset Management LLC bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,641 shares of the company's stock, valued at approximately $825,000.

Several other hedge funds also recently made changes to their positions in FND. Townsquare Capital LLC purchased a new position in Floor & Decor during the 3rd quarter valued at about $227,000. BNP Paribas Financial Markets grew its position in shares of Floor & Decor by 16.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,569 shares of the company's stock worth $2,802,000 after buying an additional 3,268 shares during the last quarter. FMR LLC increased its stake in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after buying an additional 1,291,214 shares during the period. Centaurus Financial Inc. raised its holdings in shares of Floor & Decor by 1.0% during the third quarter. Centaurus Financial Inc. now owns 151,311 shares of the company's stock valued at $18,788,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of Floor & Decor by 248.9% during the third quarter. Algert Global LLC now owns 35,716 shares of the company's stock valued at $4,435,000 after acquiring an additional 25,480 shares in the last quarter.

Floor & Decor Stock Down 0.6 %

FND stock traded down $0.67 during trading on Thursday, hitting $114.08. 1,045,301 shares of the stock traded hands, compared to its average volume of 1,497,406. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 63.38, a price-to-earnings-growth ratio of 15.57 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The firm's 50 day moving average is $109.98 and its two-hundred day moving average is $107.99.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business's revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FND. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a "sell" rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Wedbush reissued an "outperform" rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Finally, Mizuho increased their target price on Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $104.37.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller 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; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.