Landscape Capital Management L.L.C. Reduces Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Landscape Capital Management L.L.C. lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 44.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,588 shares of the company’s stock after selling 18,496 shares during the period. Landscape Capital Management L.L.C.’s holdings in Floor & Decor were worth $2,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FND. Disciplined Growth Investors Inc. MN raised its holdings in Floor & Decor by 1.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock valued at $111,720,000 after acquiring an additional 16,125 shares during the period. Capital International Investors raised its position in shares of Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after buying an additional 73,448 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Floor & Decor by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after acquiring an additional 115,876 shares during the last quarter. XN LP bought a new stake in Floor & Decor during the second quarter worth approximately $70,177,000. Finally, Principal Financial Group Inc. increased its position in shares of Floor & Decor by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after purchasing an additional 30,310 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FND. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Piper Sandler dropped their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Finally, Robert W. Baird cut their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average price target of $104.37.

Floor & Decor Trading Up 3.9 %

NYSE FND opened at $103.46 on Thursday. The company has a fifty day moving average of $110.14 and a 200 day moving average of $108.15. The company has a market capitalization of $11.09 billion, a PE ratio of 57.48, a P/E/G ratio of 13.00 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1 year low of $88.53 and a 1 year high of $135.67.

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

Floor & Decor 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.