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

King Luther Capital Management Corp raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of Floor & Decor by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after purchasing an additional 30,310 shares during the last quarter. Scientech Research LLC boosted its stake in 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 period. International Assets Investment Management LLC increased its position in shares of Floor & Decor by 63,243.2% during the third 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 last quarter. Bridges Investment Management Inc. raised its stake in shares of Floor & Decor by 2,010.5% in 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 period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Floor & Decor by 15.9% in 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 last quarter.

Analysts Set New Price Targets

FND has been the topic of a number of research analyst reports. Piper Sandler cut their target price 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. JPMorgan Chase & Co. decreased their target price 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. Guggenheim dropped their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Melius Research started coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Three equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Performance

Shares of FND opened at $112.04 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The stock has a 50 day moving average price of $110.09 and a 200 day moving average price of $108.15. The company 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.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 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 firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up .9% on a year-over-year basis. Research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

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.