Fmr LLC Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

FMR LLC lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 34.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,015,871 shares of the company's stock after acquiring an additional 1,291,214 shares during the period. FMR LLC owned 4.68% of Floor & Decor worth $622,821,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Centaurus Financial Inc. boosted its stake in Floor & Decor by 1.0% in the third quarter. Centaurus Financial Inc. now owns 151,311 shares of the company's stock valued at $18,788,000 after acquiring an additional 1,445 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Floor & Decor by 248.9% in the 3rd quarter. Algert Global LLC now owns 35,716 shares of the company's stock valued at $4,435,000 after purchasing an additional 25,480 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Floor & Decor by 66.2% in the 3rd quarter. Cerity Partners LLC now owns 4,377 shares of the company's stock valued at $543,000 after purchasing an additional 1,744 shares during the period. Icon Wealth Advisors LLC grew its stake in Floor & Decor by 118.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 7,950 shares of the company's stock worth $987,000 after buying an additional 4,317 shares during the last quarter. Finally, Citigroup Inc. increased its position in Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company's stock worth $9,632,000 after buying an additional 16,569 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group restated a "market perform" rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Stifel Nicolaus raised 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. Wells Fargo & Company upped their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. 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 target price for the company. Finally, Wedbush restated an "outperform" rating and issued a $110.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and an average target price of $104.37.

Floor & Decor Price Performance

Shares of NYSE:FND traded down $1.87 on Friday, reaching $112.21. 782,513 shares of the company were exchanged, compared to its average volume of 1,494,313. 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 1-year low of $89.06 and a 1-year high of $135.67. The company has a 50-day moving average of $109.85 and a 200-day moving average of $108.03. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 63.38, a price-to-earnings-growth ratio of 14.90 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last issued its 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 net margin of 4.45% and a return on equity of 9.69%. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the company posted $0.61 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share 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.