Qsemble Capital Management LP Decreases Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Qsemble Capital Management LP lowered its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 85.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,319 shares of the company's stock after selling 24,693 shares during the quarter. Qsemble Capital Management LP's holdings in Floor & Decor were worth $536,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company's stock valued at $34,000 after acquiring an additional 196 shares during the period. Chris Bulman Inc acquired a new stake in shares of Floor & Decor in the second quarter valued at about $30,000. J.Safra Asset Management Corp increased its stake in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock worth $43,000 after purchasing an additional 372 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company's stock worth $70,000 after purchasing an additional 189 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company's stock valued at $89,000 after buying an additional 196 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Guggenheim lowered their target price on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Mizuho increased their target price 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. JPMorgan Chase & Co. decreased their price target on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, Melius Research initiated coverage on Floor & Decor in a research note on Monday, September 23rd. They set a "sell" rating and a $80.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $104.37.

Floor & Decor Trading Down 0.6 %

Floor & Decor stock traded down $0.67 during midday trading on Thursday, reaching $114.08. 1,045,301 shares of the stock traded hands, compared to its average volume of 1,497,406. The firm has a market cap of $12.23 billion, a PE ratio of 63.38, a price-to-earnings-growth ratio of 15.57 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $109.98 and a two-hundred day simple moving average of $107.99. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67.

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 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 during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The business's revenue for the quarter was up .9% compared to the same quarter last year. Research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 earnings per share 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.