Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 25.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,252,755 shares of the company’s stock after selling 425,729 shares during the quarter. Bamco Inc. NY’s holdings in Floor & Decor were worth $155,555,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Maverick Capital Ltd. increased its position in Floor & Decor by 182.0% in the 3rd quarter. Maverick Capital Ltd. now owns 40,474 shares of the company’s stock valued at $5,026,000 after acquiring an additional 26,120 shares during the period. Wasatch Advisors LP increased its holdings in shares of Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after purchasing an additional 85,299 shares during the period. Worldly Partners Management LLC increased its holdings in shares of Floor & Decor by 0.8% in the third quarter. Worldly Partners Management LLC now owns 1,019,600 shares of the company’s stock valued at $126,604,000 after purchasing an additional 8,517 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Floor & Decor during the third quarter worth approximately $1,473,000. Finally, Spyglass Capital Management LLC lifted its holdings in shares of Floor & Decor by 15.5% during the third quarter. Spyglass Capital Management LLC now owns 447,676 shares of the company’s stock worth $55,588,000 after purchasing an additional 59,924 shares during the period.

Floor & Decor Stock Down 1.6 %

Floor & Decor stock opened at $112.21 on Monday. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 62.34, a price-to-earnings-growth ratio of 14.66 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The stock’s fifty day moving average is $109.71 and its two-hundred day moving average is $107.85.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a research report on Monday, November 11th. Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Melius Research assumed 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. Finally, Piper Sandler cut their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.