Disciplined Growth Investors Inc. MN Grows Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Disciplined Growth Investors Inc. MN lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,183,669 shares of the company's stock after buying an additional 59,839 shares during the quarter. Floor & Decor makes up about 2.8% of Disciplined Growth Investors Inc. MN's investment portfolio, making the stock its 12th largest position. Disciplined Growth Investors Inc. MN owned about 1.10% of Floor & Decor worth $146,976,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Cetera Advisors LLC purchased a new stake in shares of Floor & Decor in the first quarter worth about $637,000. Simplicity Wealth LLC raised its stake in Floor & Decor by 9.5% during the second quarter. Simplicity Wealth LLC now owns 2,689 shares of the company's stock valued at $267,000 after purchasing an additional 234 shares in the last quarter. SG Americas Securities LLC lifted its position in Floor & Decor by 39.8% during the second quarter. SG Americas Securities LLC now owns 5,659 shares of the company's stock valued at $563,000 after purchasing an additional 1,610 shares during the last quarter. J.Safra Asset Management Corp grew its stake in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock worth $43,000 after buying an additional 372 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of 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 buying an additional 692 shares during the last quarter.

Floor & Decor Price Performance

FND stock traded up $0.19 during mid-day trading on Tuesday, reaching $113.17. 407,102 shares of the company's stock were exchanged, compared to its average volume of 1,486,196. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock's 50 day moving average is $108.40 and its 200 day moving average is $107.48. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 62.76, a price-to-earnings-growth ratio of 14.36 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FND. Melius Research started coverage on Floor & Decor in a research report on Monday, September 23rd. They set a "sell" rating and a $80.00 target price on the stock. Piper Sandler reduced their target price on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Stifel Nicolaus increased their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Finally, Mizuho boosted their target price on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Two research 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $104.37.

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.