Southernsun Asset Management LLC Raises Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Southernsun Asset Management LLC increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 66.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,566 shares of the company's stock after buying an additional 14,999 shares during the period. Floor & Decor accounts for 0.6% of Southernsun Asset Management LLC's holdings, making the stock its 26th biggest position. Southernsun Asset Management LLC's holdings in Floor & Decor were worth $4,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FND. State Street Corp boosted its stake in shares of Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company's stock worth $468,097,000 after acquiring an additional 222,980 shares in the last quarter. Stifel Financial Corp boosted its position in Floor & Decor by 1.5% during the third quarter. Stifel Financial Corp now owns 138,729 shares of the company's stock worth $17,226,000 after purchasing an additional 2,045 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Floor & Decor by 64.0% in the third quarter. Quantinno Capital Management LP now owns 4,072 shares of the company's stock valued at $506,000 after buying an additional 1,589 shares in the last quarter. Quarry LP acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $34,000. Finally, Polymer Capital Management HK LTD purchased a new position in shares of Floor & Decor during the 3rd quarter valued at approximately $317,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FND shares. Piper Sandler reduced their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research report on Monday, October 28th. Mizuho raised their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Wedbush restated an "outperform" rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Floor & Decor has an average rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Trading Up 3.2 %

Floor & Decor stock traded up $3.40 during mid-day trading on Friday, hitting $110.58. The company's stock had a trading volume of 639,253 shares, compared to its average volume of 1,487,349. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. 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 firm has a market capitalization of $11.86 billion, a PE ratio of 59.56, a price-to-earnings-growth ratio of 14.54 and a beta of 1.82. The stock's fifty day moving average is $108.88 and its two-hundred day moving average is $107.64.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company's quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current 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.