XTX Topco Ltd Purchases New Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

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 acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,906 shares of the company's stock, valued at approximately $958,000.

A number of other hedge funds have also recently added to or reduced their stakes in FND. Capital Research Global Investors lifted its position in shares of Floor & Decor by 76.8% in 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. Principal Financial Group Inc. raised its stake in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after acquiring an additional 1,558,409 shares during the period. Timucuan Asset Management Inc. FL raised its stake in Floor & Decor by 0.4% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after acquiring an additional 7,329 shares during the period. Two Creeks Capital Management LP lifted its holdings in Floor & Decor by 7.6% in the fourth quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after acquiring an additional 112,001 shares during the last quarter. Finally, Fisher Funds Management LTD boosted its stake in Floor & Decor by 21.6% in the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock valued at $126,241,000 after acquiring an additional 279,087 shares during the period.

Floor & Decor Stock Up 2.2%

FND stock opened at $78.32 on Friday. The firm's 50-day moving average is $77.15 and its two-hundred day moving average is $82.60. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 40.16, a price-to-earnings-growth ratio of 2.43 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.49%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

FND has been the subject of several recent research reports. Mizuho lowered their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Loop Capital reduced their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company dropped their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus cut their target price 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. Finally, Piper Sandler reduced their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a report on Friday. Three equities research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.

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