11,865 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by Verition Fund Management LLC

Verition Fund Management LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,865 shares of the company’s stock, valued at approximately $1,473,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of 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 in the last quarter. Disciplined Growth Investors Inc. MN raised its position in Floor & Decor by 1.5% in 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 purchasing an additional 16,125 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Floor & Decor by 15.9% in the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after purchasing an additional 115,876 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $103,003,000 after purchasing an additional 12,109 shares in the last quarter. Finally, XN LP bought a new stake in shares of Floor & Decor during the second quarter worth about $70,177,000.

Floor & Decor Trading Up 2.6 %

FND opened at $109.92 on Friday. The company has a fifty day moving average price of $108.62 and a two-hundred day moving average price of $107.59. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a market cap of $11.79 billion, a P/E ratio of 61.07, a price-to-earnings-growth ratio of 14.54 and a beta of 1.82. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Stifel Nicolaus increased their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Finally, 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.