Bennett Selby Investments LP Acquires 1,648 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Bennett Selby Investments LP boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 114,358 shares of the company’s stock after buying an additional 1,648 shares during the period. Floor & Decor comprises 4.5% of Bennett Selby Investments LP’s portfolio, making the stock its 6th largest position. Bennett Selby Investments LP’s holdings in Floor & Decor were worth $11,401,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Conway Capital Management Inc. bought a new position in shares of Floor & Decor in the 3rd quarter valued at about $1,090,000. Massachusetts Financial Services Co. MA increased its stake in shares of Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after purchasing an additional 333,338 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after acquiring an additional 180 shares during the period. Citigroup Inc. grew its position in shares of Floor & Decor by 27.2% in the third quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after purchasing an additional 16,569 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Floor & Decor by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after purchasing an additional 12,109 shares during the period.

Wall Street Analyst Weigh In

FND has been the subject of several recent research reports. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and a consensus price target of $104.67.

Floor & Decor Stock Performance

Shares of FND stock opened at $104.26 on Friday. The business has a 50 day simple moving average of $104.05 and a 200 day simple moving average of $105.24. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 57.92, a price-to-earnings-growth ratio of 11.15 and a beta of 1.84. 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 12-month low of $89.06 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last released its quarterly 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 for 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%. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.