Private Advisor Group LLC Buys New Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Private Advisor Group LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the 3rd quarter, HoldingsChannel reports. The fund bought 1,678 shares of the company’s stock, valued at approximately $208,000.

Several other large investors have also recently added to or reduced their stakes in the business. Vancity Investment Management Ltd boosted its stake in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after purchasing an additional 111 shares in the last quarter. King Luther Capital Management Corp boosted its stake in Floor & Decor by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock valued at $1,092,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Floor & Decor by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after purchasing an additional 138 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Floor & Decor by 7.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after purchasing an additional 169 shares in the last quarter. Finally, CWM LLC boosted its stake in Floor & Decor by 15.8% during the 3rd quarter. CWM LLC now owns 1,289 shares of the company’s stock valued at $160,000 after purchasing an additional 176 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FND. Melius Research began coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Robert W. Baird decreased their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Guggenheim reduced their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Wells Fargo & Company raised their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Price Performance

NYSE FND opened at $100.46 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $77.01 and a fifty-two week high of $135.67. The stock’s 50-day moving average is $110.92 and its two-hundred day moving average is $108.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $10.77 billion, a P/E ratio of 55.81, a price-to-earnings-growth ratio of 14.28 and a beta of 1.83.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal 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.