Atria Investments Inc Purchases 267 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Atria Investments Inc grew its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,004 shares of the company’s stock after acquiring an additional 267 shares during the quarter. Atria Investments Inc’s holdings in Floor & Decor were worth $870,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Capital Research Global Investors boosted its stake in Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares in the last quarter. XN LP acquired a new stake in shares of Floor & Decor during the 2nd quarter valued at about $70,177,000. Natixis Advisors LLC increased its stake in Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after acquiring an additional 173,518 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Floor & Decor in the second quarter worth about $14,953,000. Finally, Dimensional Fund Advisors LP lifted its stake in Floor & Decor by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after purchasing an additional 115,876 shares during the period.

Floor & Decor Price Performance

Floor & Decor stock opened at $102.89 on Monday. The business’s 50-day simple moving average is $110.42 and its 200 day simple moving average is $108.36. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 57.16, a P/E/G ratio of 13.44 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12-month low of $88.22 and a 12-month high of $135.67.

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

Analyst Ratings Changes

Several research firms have recently weighed in on FND. JPMorgan Chase & Co. lowered their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Piper Sandler lowered their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Robert W. Baird cut their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Melius Research initiated coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Company Profile

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.