Virginia Retirement Systems ET AL raised its stake in Floor & Decor Holdings, Inc. (NYSE: FND – Get Rating) by 6.1% in the first quarter, according to Holdings Channel.com. The fund owns 10,400 shares of the company after adding 600 shares during the quarter. Floor & Decor held by Virginia Retirement Systems ET AL in its most recent SEC filing is valued at $842,000.
Other hedge funds and other institutional investors also bought and sold the company’s stock. Riverbridge Partners LLC increased its stock position in Floor & Decor by 75.8% in the first quarter. After purchasing an additional 303,436 shares during this period, Riverbridge Partners LLC now owns 703,740 shares of the company’s stock, valued at $57,003,000. Congress Asset Management Co. MA increased its stake in Floor & Decor by 1.5% in the first quarter. Congress Asset Management Co. MA now owns 1,203,961 shares of the company’s stock valued at $97,521,000 after purchasing an additional 17,232 shares during the period. Icon Wealth Partners LLC purchased a new stake in Floor & Decor for $379,000 in the first quarter. Ellevest Inc. increased its stake in Floor & Decor by 40.5% in the first quarter. Ellevest Inc. now owns 617 shares of the company’s stock, valued at $50,000, after purchasing an additional 178 shares in the previous quarter. Finally, Resonant Capital Advisors LLC increased its stake in Floor & Decor by 4.2% in the first quarter. After purchasing an additional 188 shares last quarter, Resonant Capital Advisors LLC now owns 4,639 shares of the company’s stock, valued at $372,000. Hedge funds and other institutional investors own 96.48% of the company.
Several research analysts have already issued reports on the stock. Wedbush lowered its price target on Floor & Decor stock to $100.00 from $130.00 in a research note on Friday, May 6, and set an “outperform” rating on the stock. Piper Sandler cut its price target on floors and trim to $102.00 from $136.00 in a research note on Thursday, April 7. Jefferies Financial Group lowered its price target on Floor & Decor to $146.00 from $150.00 and assigned a “buy” rating to the company in a research note on Thursday, March 17. Gordon Haskett downgraded Floor & Decor to “Accumulate” from “Buy” in a research note Friday, May 6. Finally, Citigroup lowered its floor and trim price target to $106.00 from $137.00 in a report on Friday, May 13. Four investment analysts have hold ratings on the stock and ten have buy ratings on the company. The stock has an average “Moderate Buy” rating and an average price target of $107.92, according to MarketBeat.
FND stock opened Friday at $72.50. The company’s gearing ratio is 0.14, its current ratio is 1.21, and its quick ratio is 0.16. The stock has a 50-day simple moving average of $71.67 and its 200-day simple moving average of $90.22. Floor & Decor Holdings, Inc. had a 1-year low of $59.91 and a 1-year high of $145.89. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 28.10, a price-to-earnings ratio of 0.98, and a beta of 1.77.
Floor & Decor (NYSE:FND – Get Rating) last reported quarterly earnings on Thursday, May 5. The company reported EPS of $0.67 for the quarter, beating the consensus estimate of $0.64 by $0.03. The company’s revenue for the quarter was $1.03 billion, compared with analysts’ estimates of $1 billion. Floor & Decor’s return on equity was 20.21% and its net profit margin was 7.57%. Business revenue for the quarter increased 31.5% compared to the same period last year. In the same quarter last year, the business posted earnings of $0.68 per share. Equity Research analysts expect Floor & Decor Holdings, Inc. to report earnings per share of 2.89 for the year.
About Flooring and Decor (get a rating)
Floor & Decor Holdings, Inc is a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s store offers tile, wood, laminate, vinyl and natural stone flooring products, as well as decorative and installation accessories.
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