State Street Corp Has $468.10 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

State Street Corp lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,769,808 shares of the company’s stock after purchasing an additional 222,980 shares during the quarter. State Street Corp owned 3.52% of Floor & Decor worth $468,097,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc raised its position in shares of Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after purchasing an additional 110 shares during the period. King Luther Capital Management Corp raised its position in shares of Floor & Decor by 1.2% during the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after purchasing an additional 127 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after purchasing an additional 138 shares during the period. Silver Coast Investments LLC raised its position in shares of Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after purchasing an additional 150 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Floor & Decor by 7.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock worth $236,000 after purchasing an additional 169 shares during the period.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $109.92 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The stock has a 50 day moving average of $108.62 and a 200-day moving average of $107.47. The company has a market capitalization of $11.79 billion, a P/E ratio of 61.07, a P/E/G ratio of 14.13 and a beta of 1.82.

Floor & Decor (NYSE:FND) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FND shares. Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. 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 company’s stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average target price 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.