Baillie Gifford & Co. lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,103,633 shares of the company's stock after selling 61,058 shares during the period. Baillie Gifford & Co. owned about 1.96% of Floor & Decor worth $261,208,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Vancity Investment Management Ltd raised its holdings in Floor & Decor by 1.5% in the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company's stock worth $991,000 after acquiring an additional 111 shares during the period. King Luther Capital Management Corp boosted its position in Floor & Decor by 1.2% in the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company's stock valued at $1,092,000 after buying an additional 127 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Floor & Decor by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company's stock valued at $333,000 after buying an additional 138 shares in the last quarter. Silver Coast Investments LLC lifted its position in shares of Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock worth $382,000 after purchasing an additional 150 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Floor & Decor by 7.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company's stock worth $236,000 after purchasing an additional 169 shares in the last quarter.
Analyst Upgrades and Downgrades
FND has been the topic of a number of research reports. Wedbush reiterated an "outperform" rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Robert W. Baird reduced their target price on shares of Floor & Decor from $127.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, July 29th. Citigroup reduced their target price on shares of Floor & Decor from $109.00 to $104.00 and set a "neutral" rating on the stock in a research report on Friday, July 19th. Stifel Nicolaus increased their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a report on Monday, November 4th. Finally, Guggenheim cut their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Three equities research 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. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and an average price target of $104.37.
Read Our Latest Research Report on FND
Floor & Decor Stock Down 2.0 %
Shares of NYSE FND traded down $2.13 during midday trading on Tuesday, reaching $102.13. The company's stock had a trading volume of 477,470 shares, compared to its average volume of 1,451,987. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a fifty-two week low of $77.82 and a fifty-two week high of $135.67. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 13.12 and a beta of 1.83. The stock has a 50 day simple moving average of $110.76 and a 200-day simple moving average of $108.59.
Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The business 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 firm's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.
Floor & Decor Company Profile
(
Free Report)
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.
See Also
Before you consider Floor & Decor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Floor & Decor wasn't on the list.
While Floor & Decor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
