CIBC Asset Management Inc Has $386,000 Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

CIBC Asset Management Inc raised its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,106 shares of the company’s stock after purchasing an additional 110 shares during the quarter. CIBC Asset Management Inc’s holdings in Floor & Decor were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FND. Vancity Investment Management Ltd lifted its stake in Floor & Decor by 1.5% in the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after acquiring an additional 111 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Floor & Decor by 1.2% in 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 during the last quarter. Commonwealth Equity Services LLC grew its holdings in Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after purchasing an additional 138 shares during the period. Silver Coast Investments LLC increased its position in Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after buying an additional 150 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after buying an additional 169 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FND shares. Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Melius Research assumed coverage on Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price for the company. Guggenheim decreased their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Stock Performance

Shares of FND opened at $107.15 on Friday. The stock has a 50 day moving average of $110.09 and a 200 day moving average of $108.15. 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 Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 59.53, a PEG ratio of 13.00 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 analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share 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.