Natixis Advisors LLC Raises Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Natixis Advisors LLC lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,012 shares of the company's stock after acquiring an additional 51,322 shares during the quarter. Natixis Advisors LLC owned approximately 0.38% of Floor & Decor worth $50,663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Chris Bulman Inc acquired a new position in shares of Floor & Decor in the second quarter worth approximately $30,000. Blue Trust Inc. lifted its position in shares of Floor & Decor by 242.0% in 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 period. J.Safra Asset Management Corp boosted its stake in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock valued at $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company's stock worth $70,000 after buying an additional 189 shares during the period. Finally, UMB Bank n.a. raised its stake 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 during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FND. Wells Fargo & Company boosted their price target on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Stifel Nicolaus raised their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Mizuho increased their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Telsey Advisory Group reissued a "market perform" rating and issued a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Finally, Piper Sandler cut their target price 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. Three equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Price Performance

Shares of FND stock traded up $0.64 during trading hours on Friday, hitting $102.89. 1,988,700 shares of the company's stock were exchanged, compared to its average volume of 2,014,193. Floor & Decor Holdings, Inc. has a 12-month low of $88.22 and a 12-month high of $135.67. The company has a market capitalization of $11.03 billion, a PE ratio of 57.16, a PEG ratio of 13.44 and a beta of 1.83. The business's 50 day simple moving average is $110.42 and its 200-day simple moving average is $108.36. 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 (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS 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 analysts' expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current 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.