Charles Schwab Investment Management Inc. Has $103 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Charles Schwab Investment Management Inc. grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 829,530 shares of the company’s stock after buying an additional 12,109 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.77% of Floor & Decor worth $103,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Disciplined Growth Investors Inc. MN lifted its position in shares of 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 worth $111,720,000 after buying an additional 16,125 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after purchasing an additional 115,876 shares during the last quarter. XN LP acquired a new position in shares of Floor & Decor during the 2nd quarter worth about $70,177,000. Principal Financial Group Inc. lifted its position in shares of Floor & Decor by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after purchasing an additional 30,310 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position 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.

Analyst Ratings Changes

Several equities analysts recently weighed in on FND shares. Melius Research started coverage on Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Mizuho boosted their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average price target of $104.37.

Floor & Decor Trading Down 3.7 %

FND stock opened at $114.75 on Wednesday. The firm has a market cap of $12.30 billion, a P/E ratio of 63.75, a P/E/G ratio of 14.63 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The business’s 50 day moving average is $110.11 and its 200-day moving average is $108.00. 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 released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion for 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%. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal 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.