Verition Fund Management LLC Takes $1.47 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Verition Fund Management LLC purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,865 shares of the company’s stock, valued at approximately $1,473,000.

A number of other large investors have also recently bought and sold shares of FND. Blue Trust Inc. grew its holdings 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 acquiring an additional 196 shares in the last quarter. Chris Bulman Inc bought a new stake in shares of Floor & Decor in the 2nd quarter valued at about $30,000. J.Safra Asset Management Corp lifted its stake in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after acquiring an additional 189 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of 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 acquiring an additional 196 shares during the last quarter.

Floor & Decor Price Performance

FND stock opened at $109.92 on Friday. The company’s 50-day moving average price is $108.62 and its two-hundred day moving average price is $107.59. The firm has a market cap of $11.79 billion, a P/E ratio of 61.07, a P/E/G ratio of 14.54 and a beta of 1.82. The company has a quick ratio of 0.29, a current ratio of 1.16 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.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FND. Stifel Nicolaus raised their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Piper Sandler cut their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Melius Research assumed coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Finally, 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 research report on Monday, October 28th. Two research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.37.

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.