Algert Global LLC Raises Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Algert Global LLC boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 248.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,716 shares of the company's stock after acquiring an additional 25,480 shares during the period. Algert Global LLC's holdings in Floor & Decor were worth $4,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FND. CIBC Asset Management Inc grew its position in shares of Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company's stock valued at $386,000 after purchasing an additional 110 shares in the last quarter. Vancity Investment Management Ltd grew its position in Floor & Decor by 1.5% during the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company's stock worth $991,000 after buying an additional 111 shares in the last quarter. King Luther Capital Management Corp grew its position in Floor & Decor by 1.2% during the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company's stock worth $1,092,000 after buying an additional 127 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company's stock worth $333,000 after acquiring an additional 138 shares during the last quarter. Finally, Silver Coast Investments LLC raised its holdings in shares of Floor & Decor by 5.1% in the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock valued at $382,000 after acquiring an additional 150 shares in the last quarter.

Floor & Decor Trading Up 6.4 %

FND traded up $7.22 during trading on Monday, hitting $119.22. 2,859,648 shares of the stock traded hands, compared to its average volume of 1,498,700. The firm has a 50-day moving average of $110.06 and a 200 day moving average of $108.00. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. The firm has a market capitalization of $12.78 billion, a P/E ratio of 66.23, a price-to-earnings-growth ratio of 14.63 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 (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.61 EPS. Floor & Decor's revenue was up .9% compared to the same quarter last year. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FND shares. Guggenheim decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company increased their price target 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. Mizuho lifted their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Wedbush reiterated an "outperform" rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and an average target price of $104.37.

About Floor & Decor

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.