1,662 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Bought by IHT Wealth Management LLC

IHT Wealth Management LLC purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,662 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC raised its stake in shares of Floor & Decor by 12.9% during the third quarter. Ingalls & Snyder LLC now owns 14,192 shares of the company’s stock worth $1,762,000 after purchasing an additional 1,620 shares during the last quarter. Benjamin Edwards Inc. raised its position in Floor & Decor by 277.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,230 shares of the company’s stock worth $401,000 after buying an additional 2,375 shares during the last quarter. Maverick Capital Ltd. raised its position in Floor & Decor by 182.0% during the 3rd quarter. Maverick Capital Ltd. now owns 40,474 shares of the company’s stock worth $5,026,000 after buying an additional 26,120 shares during the last quarter. Wasatch Advisors LP raised its position in Floor & Decor by 3.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after buying an additional 85,299 shares during the last quarter. Finally, Worldly Partners Management LLC raised its position in Floor & Decor by 0.8% during the 3rd quarter. Worldly Partners Management LLC now owns 1,019,600 shares of the company’s stock worth $126,604,000 after buying an additional 8,517 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Wells Fargo & Company increased their target price on 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 reissued an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Piper Sandler lowered their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Finally, Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Down 1.0 %

Shares of NYSE:FND opened at $111.88 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $12.00 billion, a P/E ratio of 62.16, a P/E/G ratio of 14.36 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The stock’s fifty day simple moving average is $108.21 and its 200-day simple moving average is $107.46.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping 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 quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share 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.