Centaurus Financial Inc. Boosts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Centaurus Financial Inc. lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,311 shares of the company’s stock after buying an additional 1,445 shares during the period. Floor & Decor makes up approximately 1.2% of Centaurus Financial Inc.’s holdings, making the stock its 11th largest holding. Centaurus Financial Inc.’s holdings in Floor & Decor were worth $18,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FND. Blue Trust Inc. boosted its position in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the period. Chris Bulman Inc bought a new position in shares of Floor & Decor during the second quarter valued at about $30,000. J.Safra Asset Management Corp boosted its holdings in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the period. GAMMA Investing LLC grew its stake in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FND shares. JPMorgan Chase & Co. cut their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird reduced their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Guggenheim decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Finally, Piper Sandler decreased their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.37.

Floor & Decor Stock Performance

Shares of FND stock opened at $112.00 on Friday. The company’s 50-day moving average is $110.06 and its 200 day moving average is $108.11. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 62.22, a price-to-earnings-growth ratio of 13.98 and a beta of 1.83. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. 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 announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping 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 company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal 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.