SG Americas Securities LLC purchased a new stake in Floor & Decor Holdings Inc (NYSE:FND) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,064 shares of the company’s stock, valued at approximately $200,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio purchased a new position in Floor & Decor in the second quarter valued at approximately $195,000. Pitcairn Co. purchased a new position in Floor & Decor in the second quarter valued at approximately $201,000. State of Alaska Department of Revenue raised its holdings in Floor & Decor by 76.8% in the second quarter. State of Alaska Department of Revenue now owns 4,790 shares of the company’s stock valued at $236,000 after buying an additional 2,080 shares during the period. Guggenheim Capital LLC purchased a new position in Floor & Decor in the first quarter valued at approximately $279,000. Finally, State of Wisconsin Investment Board raised its holdings in Floor & Decor by 30.7% in the first quarter. State of Wisconsin Investment Board now owns 5,899 shares of the company’s stock valued at $307,000 after buying an additional 1,384 shares during the period.
FND opened at $30.72 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.21 and a current ratio of 1.50. The company has a market cap of $3.14 billion, a PE ratio of 44.90, a PEG ratio of 1.35 and a beta of -1.77. Floor & Decor Holdings Inc has a 52-week low of $30.59 and a 52-week high of $58.28.
Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $434.28 million during the quarter, compared to analyst estimates of $436.17 million. Floor & Decor had a net margin of 9.10% and a return on equity of 19.93%. The business’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. equities research analysts predict that Floor & Decor Holdings Inc will post 0.96 EPS for the current fiscal year.
FND has been the topic of several research reports. Jefferies Financial Group upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, August 21st. Zacks Investment Research lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Wells Fargo & Co upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $42.00 to $40.00 in a research note on Friday, August 10th. Wedbush reiterated an “outperform” rating on shares of Floor & Decor in a research note on Friday, August 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Floor & Decor in a research note on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.44.
In related news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of Floor & Decor stock in a transaction on Friday, September 14th. The shares were sold at an average price of $37.00, for a total value of $286,531,996.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is currently owned by insiders.
Floor & Decor Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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