WCM Investment Management LLC Decreases Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

WCM Investment Management LLC cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,371,090 shares of the company’s stock after selling 119,147 shares during the quarter. WCM Investment Management LLC’s holdings in Floor & Decor were worth $536,639,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Swiss National Bank increased its stake in shares of Floor & Decor by 0.3% in the first quarter. Swiss National Bank now owns 199,800 shares of the company’s stock worth $25,898,000 after buying an additional 500 shares during the period. Qsemble Capital Management LP purchased a new position in shares of Floor & Decor in the first quarter worth $223,000. Russell Investments Group Ltd. increased its stake in shares of Floor & Decor by 15.0% in the first quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after buying an additional 12,158 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Floor & Decor by 14.1% in the first quarter. Bleakley Financial Group LLC now owns 2,455 shares of the company’s stock worth $318,000 after buying an additional 303 shares during the period. Finally, Entropy Technologies LP increased its stake in shares of Floor & Decor by 104.9% in the first quarter. Entropy Technologies LP now owns 36,191 shares of the company’s stock worth $4,691,000 after buying an additional 18,528 shares during the period.

Floor & Decor Stock Performance

Shares of FND traded up $3.64 during mid-day trading on Monday, hitting $104.13. 269,809 shares of the company traded hands, compared to its average volume of 1,449,279. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a 50-day moving average price of $110.92 and a two-hundred day moving average price of $108.61. Floor & Decor Holdings, Inc. has a 1 year low of $77.82 and a 1 year high of $135.67. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 55.83, a P/E/G ratio of 13.12 and a beta of 1.83.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Citigroup cut their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Robert W. Baird cut their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Guggenheim cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $104.37.

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.