Zurcher Kantonalbank Zurich Cantonalbank Acquires 499 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.3% in the third quarter, HoldingsChannel reports. The fund owned 22,615 shares of the company’s stock after buying an additional 499 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Floor & Decor were worth $2,808,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in shares of Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after acquiring an additional 1,291,214 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Floor & Decor by 1.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock valued at $111,720,000 after acquiring an additional 16,125 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Floor & Decor by 15.9% in the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after acquiring an additional 115,876 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Floor & Decor by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after acquiring an additional 12,109 shares during the period. Finally, XN LP bought a new stake in shares of Floor & Decor in the second quarter valued at about $70,177,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reduced their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Mizuho upped their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Melius Research began coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.37.

Floor & Decor Stock Performance

Floor & Decor stock opened at $111.28 on Wednesday. The business has a 50 day moving average of $109.55 and a 200-day moving average of $107.70. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. 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 company has a market capitalization of $11.93 billion, a P/E ratio of 61.82, a P/E/G ratio of 14.62 and a beta of 1.82.

Floor & Decor (NYSE:FND) last released 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. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

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.