Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 8.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,818 shares of the company’s stock after acquiring an additional 2,586 shares during the period. Thrivent Financial for Lutherans’ holdings in Floor & Decor were worth $3,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FND. CIBC Asset Management Inc lifted its position in shares of Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after purchasing an additional 110 shares during the last quarter. Vancity Investment Management Ltd increased its stake in Floor & Decor by 1.5% during the first 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 during the last quarter. King Luther Capital Management Corp lifted its position in shares of Floor & Decor by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after buying an additional 127 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after buying an additional 138 shares during the period. Finally, Silver Coast Investments LLC grew its position in shares of Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after buying an additional 150 shares during the last quarter.

Floor & Decor Price Performance

FND stock opened at $112.00 on Monday. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The firm has a 50-day moving average of $110.06 and a two-hundred day moving average of $108.00. The firm has a market capitalization of $12.01 billion, a PE ratio of 62.22, a P/E/G ratio of 13.98 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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

Analyst Ratings Changes

Several brokerages recently issued reports on FND. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Guggenheim cut their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Piper Sandler reduced their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $104.37.

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.