Wilmington Savings Fund Society FSB Buys Shares of 596 Floor & Decor Holdings, Inc. (NYSE:FND)

Wilmington Savings Fund Society FSB purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 596 shares of the company’s stock, valued at approximately $74,000.

Other institutional investors have also made changes to their positions in the company. Chris Bulman Inc acquired a new stake in shares of Floor & Decor in the 2nd quarter valued at approximately $30,000. Blue Trust Inc. grew its position in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. Quarry LP bought a new stake in Floor & Decor during the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised 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 worth $89,000 after buying an additional 196 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Floor & Decor in the second quarter valued at approximately $147,000.

Floor & Decor Stock Up 4.0 %

Shares of FND opened at $101.38 on Friday. The firm has a market cap of $10.87 billion, a P/E ratio of 56.32, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82. 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 Holdings, Inc. has a 52 week low of $89.06 and a 52 week high of $135.67. The firm’s 50-day simple moving average is $107.13 and its 200 day simple moving average is $107.22.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

FND has been the subject of a number of research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Piper Sandler lowered their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Melius Research started coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price on the stock. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research 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 research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.37.

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.