Geode Capital Management LLC Has $222.36 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Geode Capital Management LLC boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,790,280 shares of the company’s stock after purchasing an additional 24,509 shares during the period. Geode Capital Management LLC’s holdings in Floor & Decor were worth $222,357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Floor & Decor during the third quarter worth about $34,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares in the last quarter. Chris Bulman Inc acquired a new stake in shares of Floor & Decor in the second quarter valued at approximately $30,000. UMB Bank n.a. lifted its position in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after purchasing an additional 196 shares in the last quarter. Finally, CWM LLC boosted its holdings in Floor & Decor by 15.8% during the third quarter. CWM LLC now owns 1,289 shares of the company’s stock worth $160,000 after purchasing an additional 176 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research note on Monday, November 11th. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Piper Sandler decreased their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Melius Research assumed coverage on Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Finally, Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $104.37.

Floor & Decor Price Performance

Shares of FND opened at $110.47 on Friday. The firm has a market capitalization of $11.85 billion, a PE ratio of 61.37, a PEG ratio of 14.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company’s 50-day moving average is $107.90 and its 200-day moving average is $107.46. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Floor & Decor Company 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.