Cwm LLC Raises Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Cwm LLC boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 15.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,289 shares of the company’s stock after buying an additional 176 shares during the period. Cwm LLC’s holdings in Floor & Decor were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors raised its stake in shares of Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after acquiring an additional 1,334,650 shares during the period. XN LP acquired a new stake in Floor & Decor in the 2nd quarter valued at $70,177,000. Lord Abbett & CO. LLC purchased a new position in Floor & Decor in the first quarter valued at about $24,791,000. Natixis Advisors LLC lifted its stake in shares of Floor & Decor by 94.7% during the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after purchasing an additional 173,518 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Floor & Decor during the 2nd quarter worth approximately $14,953,000.

Floor & Decor Stock Performance

Shares of FND opened at $103.81 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The firm has a fifty day moving average of $112.33 and a 200-day moving average of $109.40. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 50.15, a price-to-earnings-growth ratio of 15.35 and a beta of 1.80.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on FND. Telsey Advisory Group dropped their price objective on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Guggenheim lowered their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company cut their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Citigroup dropped their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Finally, Piper Sandler increased their price target on Floor & Decor from $95.00 to $119.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.42.

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.