Quantinno Capital Management LP grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 136.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,647 shares of the company's stock after acquiring an additional 5,575 shares during the quarter. Quantinno Capital Management LP's holdings in Floor & Decor were worth $962,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in FND. Capital Research Global Investors grew its stake in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after buying an additional 5,784,573 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Floor & Decor by 12,208.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock worth $132,329,000 after buying an additional 1,316,484 shares during the last quarter. Fisher Funds Management LTD purchased a new position in Floor & Decor during the 4th quarter worth $128,797,000. Marshall Wace LLP purchased a new position in Floor & Decor during the 4th quarter worth $109,574,000. Finally, Madison Investment Advisors LLC purchased a new position in Floor & Decor during the 4th quarter worth $97,552,000.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Piper Sandler dropped their target price on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Guggenheim dropped their target price on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Loop Capital dropped their price target on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Finally, Barclays dropped their price target on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $93.56.
Read Our Latest Stock Analysis on FND
Floor & Decor Stock Performance
Shares of FND traded down $0.34 during mid-day trading on Tuesday, reaching $72.97. The company had a trading volume of 1,755,276 shares, compared to its average volume of 1,811,771. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.24. 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 $7.85 billion, a P/E ratio of 38.41, a PEG ratio of 19.06 and a beta of 1.79. The stock has a 50 day moving average of $75.61 and a two-hundred day moving average of $91.75.
Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results 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 9.80% and a net margin of 4.62%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. On average, analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.
About Floor & Decor
(
Free Report)
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.
Further Reading
Before you consider Floor & Decor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Floor & Decor wasn't on the list.
While Floor & Decor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
