AQR Capital Management LLC Takes Position in Floor & Decor Holdings, Inc. (NYSE:FND)

AQR Capital Management LLC acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, HoldingsChannel reports. The firm acquired 2,323 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Riverview Trust Co acquired a new stake in shares of Floor & Decor in the 1st quarter valued at about $26,000. Chris Bulman Inc bought a new stake in Floor & Decor in the 2nd quarter valued at approximately $30,000. J.Safra Asset Management Corp boosted its position in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after acquiring an additional 372 shares during the last quarter. RiverPark Advisors LLC boosted its position in Floor & Decor by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after acquiring an additional 473 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after acquiring an additional 189 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Cowen reduced their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Melius Research initiated coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Citigroup decreased their price objective on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, August 2nd. Finally, Telsey Advisory Group reduced their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.42.

Floor & Decor Trading Down 4.1 %

Shares of Floor & Decor stock opened at $108.40 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 52.37, a P/E/G ratio of 15.35 and a beta of 1.80. The business has a fifty day simple moving average of $111.97 and a two-hundred day simple moving average of $109.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. Floor & Decor’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 EPS. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.