Wilmington Savings Fund Society FSB Acquires Shares of 596 Floor & Decor Holdings, Inc. (NYSE:FND)

Wilmington Savings Fund Society FSB bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 3rd quarter, Holdings Channel.com reports. The fund bought 596 shares of the company’s stock, valued at approximately $74,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its position in shares of Floor & Decor by 42.8% in the second quarter. Fifth Third Bancorp now owns 2,308 shares of the company’s stock worth $229,000 after purchasing an additional 692 shares during the period. &PARTNERS acquired a new position in shares of Floor & Decor in the 2nd quarter valued at approximately $325,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Floor & Decor by 6.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,116 shares of the company’s stock worth $2,199,000 after acquiring an additional 1,435 shares during the period. Principal Financial Group Inc. boosted its position in shares of Floor & Decor by 8.5% during the 2nd quarter. Principal Financial Group Inc. now owns 508,245 shares of the company’s stock worth $50,525,000 after acquiring an additional 39,657 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Floor & Decor by 23.2% in the second quarter. Signaturefd LLC now owns 1,845 shares of the company’s stock valued at $183,000 after acquiring an additional 348 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Melius Research initiated coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective on the stock. Wells Fargo & Company boosted their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Mizuho raised their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Trading Up 4.0 %

Shares of FND stock opened at $101.38 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 14.75 and a beta of 1.82. The stock has a 50-day moving average of $107.13 and a 200-day moving average of $107.22.

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