IHT Wealth Management LLC Makes New $206,000 Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in shares of Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the last quarter. Citigroup Inc. increased its holdings in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after purchasing an additional 16,569 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after purchasing an additional 12,109 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after purchasing an additional 30,310 shares during the last quarter. Finally, Scientech Research LLC increased its holdings in Floor & Decor by 353.0% in the 2nd quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock valued at $1,767,000 after purchasing an additional 13,850 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FND shares. Melius Research started coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Wells Fargo & Company lifted their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Piper Sandler dropped their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Finally, Mizuho boosted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Stock Performance

Shares of FND opened at $111.88 on Wednesday. The stock has a 50 day moving average price of $108.21 and a 200 day moving average price of $107.46. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. 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 price-to-earnings ratio of 62.16, a price-to-earnings-growth ratio of 14.36 and a beta of 1.83.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts predict 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.