State Street Corp Purchases 222,980 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

State Street Corp lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,769,808 shares of the company's stock after purchasing an additional 222,980 shares during the quarter. State Street Corp owned 3.52% of Floor & Decor worth $468,097,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC increased its stake in Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Floor & Decor by 3.9% during the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company's stock worth $279,732,000 after acquiring an additional 85,299 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Floor & Decor by 1.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company's stock valued at $111,720,000 after acquiring an additional 16,125 shares in the last quarter. Worldly Partners Management LLC boosted its stake in Floor & Decor by 0.8% in the 3rd quarter. Worldly Partners Management LLC now owns 1,019,600 shares of the company's stock worth $126,604,000 after purchasing an additional 8,517 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company's stock worth $83,810,000 after purchasing an additional 115,876 shares in the last quarter.

Floor & Decor Stock Performance

Shares of FND stock traded up $3.04 during trading on Monday, reaching $112.96. 1,472,239 shares of the company's stock were exchanged, compared to its average volume of 1,490,818. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The firm's fifty day moving average price is $108.62 and its 200-day moving average price is $107.47. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $12.11 billion, a PE ratio of 61.07, a PEG ratio of 14.36 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last released 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. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on FND shares. Piper Sandler cut their price target on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Mizuho boosted their target price on 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 raised their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Telsey Advisory Group reissued a "market perform" rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Monday, November 11th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and an average price target of $104.37.

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.