Citigroup Inc. Boosts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Citigroup Inc. grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 27.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,568 shares of the company's stock after acquiring an additional 16,569 shares during the period. Citigroup Inc. owned about 0.07% of Floor & Decor worth $9,632,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its stake in Floor & Decor by 0.6% in the 1st quarter. Janus Henderson Group PLC now owns 56,783 shares of the company's stock valued at $7,359,000 after acquiring an additional 334 shares during the period. Tidal Investments LLC acquired a new stake in shares of Floor & Decor in the first quarter valued at about $230,000. Cetera Investment Advisers increased its stake in shares of Floor & Decor by 263.8% during the first quarter. Cetera Investment Advisers now owns 27,426 shares of the company's stock worth $3,555,000 after purchasing an additional 19,888 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Floor & Decor during the 1st quarter worth about $637,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Floor & Decor by 18.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 35,600 shares of the company's stock valued at $4,615,000 after buying an additional 5,664 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Piper Sandler reduced 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. Wells Fargo & Company upped 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. Mizuho raised their price target 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. Finally, Melius Research began coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a "sell" rating and a $80.00 price objective for the company. 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $104.37.

Floor & Decor Trading Down 1.6 %

Shares of NYSE FND traded down $1.87 during mid-day trading on Friday, reaching $112.21. 782,513 shares of the company's stock were exchanged, compared to its average volume of 1,494,313. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 62.34, a PEG ratio of 14.90 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The company's 50-day moving average is $109.71 and its 200-day moving average is $107.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

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 for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the business earned $0.61 earnings per share. The business's revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

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.