Verition Fund Management LLC Purchases New Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Verition Fund Management LLC acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,865 shares of the company's stock, valued at approximately $1,473,000.

A number of other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after acquiring an additional 196 shares in the last quarter. Chris Bulman Inc bought a new stake in Floor & Decor during the 2nd quarter worth approximately $30,000. J.Safra Asset Management Corp raised its holdings in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock worth $43,000 after buying an additional 372 shares during the period. GAMMA Investing LLC raised its holdings in 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 buying an additional 189 shares during the period. Finally, UMB Bank n.a. lifted its stake in Floor & Decor by 37.8% in the third 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FND shares. Melius Research initiated coverage on shares of Floor & Decor in a report on Monday, September 23rd. They set a "sell" rating and a $80.00 price objective on the stock. Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Piper Sandler dropped their target price on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Finally, 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. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $104.37.

Floor & Decor Stock Performance

FND stock traded up $2.74 during midday trading on Friday, reaching $109.92. 1,456,645 shares of the company were exchanged, compared to its average volume of 1,874,412. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 61.07, a price-to-earnings-growth ratio of 14.13 and a beta of 1.82. The business has a 50-day moving average price of $108.62 and a two-hundred day moving average price of $107.52. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. 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 (NYSE:FND - Get Free Report) last released its quarterly 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 firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business's 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 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.