Machina Capital S.A.S. Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Key Points

• Machina Capital S.A.S. has taken a new position in Floor & Decor Holdings, Inc., acquiring 3,684 shares valued at approximately $296,000 in the first quarter of the year.
• The company reported earnings for the last quarter, matching analyst expectations with an EPS of $0.45 and revenues of $1.16 billion, a 5.8% increase compared to the previous year.
• Floor & Decor's stock currently has a consensus rating of "Hold" among analysts, with price targets ranging from $80.00 to $115.00 based on various brokerage assessments.

Machina Capital S.A.S. bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,684 shares of the company's stock, valued at approximately $296,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Huntington National Bank lifted its stake in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after acquiring an additional 188 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Floor & Decor in the 4th quarter worth approximately $49,000. First Horizon Advisors Inc. grew its holdings in shares of Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after purchasing an additional 255 shares in the last quarter. Signaturefd LLC boosted its stake in Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $141,000 after buying an additional 273 shares in the last quarter. Finally, CWM LLC boosted its stake in Floor & Decor by 67.6% in the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock valued at $169,000 after buying an additional 849 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Loop Capital dropped their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Robert W. Baird lowered their price target on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Piper Sandler reduced their price objective on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $89.33.

Floor & Decor Stock Performance

NYSE:FND traded down $1.32 during mid-day trading on Tuesday, hitting $78.83. 424,212 shares of the stock were exchanged, compared to its average volume of 2,053,199. The firm's 50-day simple moving average is $76.93 and its 200 day simple moving average is $83.02. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 2.48 and a beta of 1.70.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company earned $0.46 EPS. The company's revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Floor & Decor Company 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.