Floor & Decor Holdings, Inc. $FND Position Trimmed by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 925,149 shares of the company’s stock after selling 57,842 shares during the period. Van Berkom & Associates Inc.’s holdings in Floor & Decor were worth $42,381,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Madison Asset Management LLC bought a new stake in shares of Floor & Decor in the 2nd quarter worth approximately $78,941,000. Turtle Creek Asset Management Inc. grew its stake in shares of Floor & Decor by 41.7% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock worth $140,088,000 after buying an additional 811,910 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Floor & Decor by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock valued at $132,424,000 after buying an additional 659,355 shares in the last quarter. Alua Capital Management LP bought a new position in Floor & Decor during the 1st quarter valued at approximately $22,393,000. Finally, Principal Financial Group Inc. increased its position in Floor & Decor by 6.5% during the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock valued at $347,354,000 after buying an additional 416,572 shares in the last quarter.

Analysts Set New Price Targets

FND has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on Floor & Decor from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Bank of America reissued an “underperform” rating on shares of Floor & Decor in a research note on Friday, October 30th. Jefferies Financial Group cut their target price on Floor & Decor from $59.00 to $47.00 and set a “hold” rating on the stock in a research note on Tuesday, October 20th. Zacks Research downgraded Floor & Decor from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 27th. Finally, TD Cowen lowered their price target on Floor & Decor from $58.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, October 30th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Floor & Decor has a consensus rating of “Reduce” and a consensus price target of $54.70.

Floor & Decor Price Performance

Shares of NYSE FND opened at $53.45 on Tuesday. The firm has a market cap of $5.69 billion, a P/E ratio of 23.97, a PEG ratio of 4.49 and a beta of 1.56. Floor & Decor Holdings, Inc. has a twelve month low of $42.64 and a twelve month high of $77.46. The company has a quick ratio of 0.44, a current ratio of 1.32 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $47.45 and a 200 day moving average of $54.18.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, October 29th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories.

The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.