Vantage Investment Partners LLC Increases Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Vantage Investment Partners LLC boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 229,210 shares of the company’s stock after acquiring an additional 5,459 shares during the quarter. Floor & Decor makes up approximately 2.4% of Vantage Investment Partners LLC’s holdings, making the stock its 19th biggest holding. Vantage Investment Partners LLC’s holdings in Floor & Decor were worth $28,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Floor & Decor by 0.8% during the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after purchasing an additional 81,305 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after acquiring an additional 1,334,650 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Floor & Decor by 1.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock valued at $111,720,000 after buying an additional 16,125 shares during the last quarter. Capital International Investors raised its position in Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after purchasing an additional 73,448 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Floor & Decor by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after purchasing an additional 115,876 shares during the period.

Analysts Set New Price Targets

FND has been the topic of several recent research reports. Piper Sandler dropped 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. Guggenheim lowered their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective on the stock. Mizuho boosted their target price 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, JPMorgan Chase & Co. dropped their target price on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Stock Performance

NYSE:FND opened at $104.26 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1-year low of $77.82 and a 1-year high of $135.67. The business has a 50 day moving average of $110.76 and a 200 day moving average of $108.59. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 13.12 and a beta of 1.83.

Floor & Decor (NYSE:FND) last announced 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. The company had revenue of $1.12 billion during 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 company earned $0.61 earnings per share. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

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.