Blueshift Asset Management LLC Takes Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Blueshift Asset Management LLC acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the third quarter, Holdings Channel.com reports. The fund acquired 6,641 shares of the company’s stock, valued at approximately $825,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new stake in Floor & Decor in the third quarter worth about $227,000. BNP Paribas Financial Markets raised its position in shares of Floor & Decor by 16.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,569 shares of the company’s stock valued at $2,802,000 after purchasing an additional 3,268 shares during the last quarter. FMR LLC boosted its stake in Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. Centaurus Financial Inc. increased its stake in Floor & Decor by 1.0% during the 3rd quarter. Centaurus Financial Inc. now owns 151,311 shares of the company’s stock valued at $18,788,000 after purchasing an additional 1,445 shares in the last quarter. Finally, Algert Global LLC lifted its stake in shares of Floor & Decor by 248.9% during the third quarter. Algert Global LLC now owns 35,716 shares of the company’s stock worth $4,435,000 after buying an additional 25,480 shares during the period.

Floor & Decor Trading Down 0.6 %

Shares of NYSE:FND opened at $114.08 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 63.38, a price-to-earnings-growth ratio of 15.57 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The business’s 50 day moving average price is $110.05 and its 200-day moving average price is $107.95.

Floor & Decor (NYSE:FND) last issued its quarterly 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. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FND. 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. Guggenheim reduced their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. JPMorgan Chase & Co. reduced their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.