Conway Capital Management Inc. Buys Shares of 8,775 Floor & Decor Holdings, Inc. (NYSE:FND)

Conway Capital Management Inc. purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,775 shares of the company's stock, valued at approximately $1,090,000. Floor & Decor accounts for about 0.5% of Conway Capital Management Inc.'s portfolio, making the stock its 26th biggest holding.

Several other large investors have also added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new stake in shares of Floor & Decor during the 1st quarter worth about $637,000. Simplicity Wealth LLC raised its stake in shares of Floor & Decor by 9.5% during the 2nd quarter. Simplicity Wealth LLC now owns 2,689 shares of the company's stock worth $267,000 after buying an additional 234 shares during the period. SG Americas Securities LLC lifted its position in shares of Floor & Decor by 39.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,659 shares of the company's stock valued at $563,000 after buying an additional 1,610 shares in the last quarter. J.Safra Asset Management Corp grew its stake in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock valued at $43,000 after acquiring an additional 372 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Floor & Decor by 42.8% in the 2nd quarter. Fifth Third Bancorp now owns 2,308 shares of the company's stock worth $229,000 after acquiring an additional 692 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of research reports. Mizuho boosted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research note on Monday, October 28th. Melius Research began coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 target price on the stock. Wells Fargo & Company boosted their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Finally, Wedbush restated an "outperform" rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Stock Down 1.0 %

Floor & Decor stock traded down $1.10 during midday trading on Tuesday, hitting $111.88. 909,532 shares of the company were exchanged, compared to its average volume of 1,488,377. The company's fifty day moving average price is $108.21 and its 200-day moving average price is $107.46. The company has a market cap of $12.00 billion, a PE ratio of 62.16, a price-to-earnings-growth ratio of 14.36 and a beta of 1.83. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. 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 (NYSE:FND - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. Floor & Decor's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Floor & Decor Company 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.