Future Fund LLC Buys New Shares in Floor & Decor Holdings, Inc. (NYSE:FND)

Future Fund LLC acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,510 shares of the company's stock, valued at approximately $1,057,000. Floor & Decor makes up approximately 3.1% of Future Fund LLC's investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Swiss National Bank grew its holdings in shares of Floor & Decor by 0.3% during the 1st quarter. Swiss National Bank now owns 199,800 shares of the company's stock worth $25,898,000 after purchasing an additional 500 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in Floor & Decor during the first quarter worth about $223,000. Russell Investments Group Ltd. increased its holdings in Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company's stock valued at $12,050,000 after buying an additional 12,158 shares during the period. Bleakley Financial Group LLC raised its position in shares of Floor & Decor by 14.1% in the 1st quarter. Bleakley Financial Group LLC now owns 2,455 shares of the company's stock valued at $318,000 after buying an additional 303 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Floor & Decor by 2.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 98,621 shares of the company's stock worth $12,783,000 after acquiring an additional 2,736 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FND. Piper Sandler decreased their price objective 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. Citigroup lowered their price target on Floor & Decor from $109.00 to $104.00 and set a "neutral" rating for the company in a report on Friday, July 19th. Mizuho raised their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Robert W. Baird lowered their target price on Floor & Decor from $127.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, July 29th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $95.00 price target on shares of Floor & Decor in a research note on Monday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Trading Up 0.5 %

Shares of FND traded up $0.52 during mid-day trading on Wednesday, reaching $102.11. 1,009,845 shares of the company were exchanged, compared to its average volume of 1,453,838. The business has a 50 day simple moving average of $110.63 and a two-hundred day simple moving average of $108.52. Floor & Decor Holdings, Inc. has a 52 week low of $83.56 and a 52 week high of $135.67. The stock has a market capitalization of $10.95 billion, a PE ratio of 57.19, a PEG ratio of 13.27 and a beta of 1.83. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS 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 net margin of 4.45% and a return on equity of 9.69%. The company's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. On average, analysts predict 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.