Floor & Decor Holdings, Inc. (NYSE:FND) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,790,280 shares of the company's stock after purchasing an additional 24,509 shares during the quarter. Geode Capital Management LLC owned approximately 1.67% of Floor & Decor worth $222,357,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Floor & Decor during the 3rd quarter worth $34,000. Blue Trust Inc. raised its position in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after purchasing an additional 196 shares during the last quarter. Chris Bulman Inc acquired a new stake in Floor & Decor during the 2nd quarter valued at $30,000. UMB Bank n.a. increased its position in Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company's stock worth $89,000 after buying an additional 196 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Floor & Decor by 15.8% in the third quarter. CWM LLC now owns 1,289 shares of the company's stock worth $160,000 after acquiring an additional 176 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Piper Sandler decreased their price objective on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research note 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. Stifel Nicolaus boosted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Wedbush restated an "outperform" rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Melius Research began coverage on Floor & Decor in a report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Trading Down 1.3 %

FND stock traded down $1.44 during midday trading on Friday, reaching $110.47. 1,050,200 shares of the company's stock traded hands, compared to its average volume of 1,480,324. 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 Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The business has a 50-day moving average price of $107.90 and a two-hundred day moving average price of $107.43. The company has a market capitalization of $11.85 billion, a P/E ratio of 61.37, a PEG ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The business's quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Floor & Decor 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.