11,906 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new stake in Floor & Decor Holdings, purchasing 11,906 shares valued at approximately $958,000.
• Floor & Decor's stock recently increased by 2.2% and currently has a market capitalization of $8.43 billion.
• The company reported a quarterly earnings per share (EPS) of $0.58, slightly beating analysts' expectations, with revenue up 7.2% year-over-year.

XTX Topco Ltd bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,906 shares of the company's stock, valued at approximately $958,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Huntington National Bank increased its stake in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after acquiring an additional 255 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Floor & Decor by 18.5% in the first quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $141,000 after acquiring an additional 273 shares in the last quarter. Forum Financial Management LP bought a new stake in shares of Floor & Decor in the fourth quarter valued at about $202,000. Finally, CWM LLC raised its holdings in shares of Floor & Decor by 67.6% in the first quarter. CWM LLC now owns 2,105 shares of the company's stock valued at $169,000 after acquiring an additional 849 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FND. Barclays decreased their price objective on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Telsey Advisory Group cut their target price on Floor & Decor from $100.00 to $92.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Wells Fargo & Company dropped their price target on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Piper Sandler dropped their price target on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $88.56.

Floor & Decor Price Performance

Shares of FND traded down $0.30 during trading hours on Thursday, hitting $79.43. 907,062 shares of the stock were exchanged, compared to its average volume of 2,062,675. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 3.53 and a beta of 1.68. The stock's 50-day moving average price is $77.67 and its two-hundred day moving average price is $82.36.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.