Conway Capital Management Inc. Takes Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Conway Capital Management Inc. bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 8,775 shares of the company’s stock, valued at approximately $1,090,000. Floor & Decor comprises about 0.5% of Conway Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors have also modified their holdings of the business. FMR LLC boosted its stake in Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after acquiring an additional 1,291,214 shares during the last quarter. XN LP acquired a new stake in shares of Floor & Decor in the 2nd quarter valued at about $70,177,000. Massachusetts Financial Services Co. MA lifted its position in shares of Floor & Decor by 221.6% during the third 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. State Street Corp grew its stake in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after buying an additional 173,518 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Mizuho raised their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Melius Research began coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Trading Up 2.8 %

NYSE:FND opened at $112.96 on Tuesday. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 62.76, a PEG ratio of 14.36 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 1 year low of $89.06 and a 1 year high of $135.67. The business has a fifty day moving average of $108.40 and a 200-day moving average of $107.48.

Floor & Decor (NYSE:FND) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. Floor & Decor’s revenue was up .9% compared to the same quarter last year. Equities analysts predict 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.