Headlands Technologies LLC Increases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Key Points

• Headlands Technologies LLC increased its stake in Floor & Decor by an extraordinary 2,613.8% in the first quarter, acquiring 5,306 additional shares, bringing its total holding to 5,509 shares valued at $443,000.
• Equities analysts have adjusted their price targets for Floor & Decor, with estimates ranging from a low of $70.00 to a high of $97.00, reflecting mixed sentiment with three analysts rating it as a sell and five as a buy.
• In its latest quarterly earnings, Floor & Decor reported $1.21 billion in revenue and earnings per share of $0.58, slightly exceeding analysts' expectations.

Headlands Technologies LLC boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2,613.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,509 shares of the company's stock after acquiring an additional 5,306 shares during the quarter. Headlands Technologies LLC's holdings in Floor & Decor were worth $443,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in Floor & Decor by 62.4% in the 4th quarter. LPL Financial LLC now owns 19,968 shares of the company's stock worth $1,991,000 after purchasing an additional 7,670 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Floor & Decor by 59.4% in the fourth quarter. Russell Investments Group Ltd. now owns 90,655 shares of the company's stock worth $9,041,000 after buying an additional 33,773 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Floor & Decor by 17.0% in the fourth quarter. Bank of Montreal Can now owns 16,655 shares of the company's stock worth $1,661,000 after buying an additional 2,421 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Floor & Decor in the fourth quarter worth $1,236,000. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Floor & Decor by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 46,160 shares of the company's stock worth $4,602,000 after buying an additional 290 shares during the last quarter.

Floor & Decor Stock Performance

Floor & Decor stock traded down $3.42 during midday trading on Thursday, hitting $82.50. The company's stock had a trading volume of 1,940,919 shares, compared to its average volume of 1,980,382. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The company has a 50-day moving average price of $78.79 and a two-hundred day moving average price of $81.48. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 3.69 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. Floor & Decor's revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FND. Stifel Nicolaus cut their target price on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Loop Capital dropped their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Robert W. Baird dropped their price target on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company dropped their price target on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $88.56.

Floor & Decor Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.