King Luther Capital Management Corp Increases Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

King Luther Capital Management Corp boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,160 shares of the company’s stock after purchasing an additional 173 shares during the quarter. King Luther Capital Management Corp’s holdings in Floor & Decor were worth $1,386,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in Floor & Decor by 6.0% in the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after purchasing an additional 30,310 shares during the period. Scientech Research LLC grew its holdings in shares of Floor & Decor by 353.0% during the second quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock worth $1,767,000 after buying an additional 13,850 shares during the last quarter. International Assets Investment Management LLC increased its position in Floor & Decor by 63,243.2% in the 3rd quarter. International Assets Investment Management LLC now owns 93,748 shares of the company’s stock valued at $11,641,000 after acquiring an additional 93,600 shares during the period. Bridges Investment Management Inc. raised its stake in Floor & Decor by 2,010.5% during the 3rd quarter. Bridges Investment Management Inc. now owns 88,027 shares of the company’s stock valued at $10,930,000 after acquiring an additional 83,856 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after acquiring an additional 115,876 shares during the period.

Floor & Decor Stock Up 4.7 %

Floor & Decor stock opened at $112.04 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 62.24, a price-to-earnings-growth ratio of 13.00 and a beta of 1.83. The stock’s fifty day moving average is $110.09 and its two-hundred day moving average is $108.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FND shares. Robert W. Baird dropped their target price on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company upped their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Guggenheim lowered their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Piper Sandler cut their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Finally, 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 report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor 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.