Everence Capital Management Inc. Purchases New Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Everence Capital Management Inc. acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,070 shares of the company’s stock, valued at approximately $306,000.

Several other hedge funds have also added to or reduced their stakes in FND. Massachusetts Financial Services Co. MA raised its holdings in shares of Floor & Decor by 221.6% in 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 period. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor in the third quarter valued at $1,090,000. Sanctuary Advisors LLC lifted its position in shares of Floor & Decor by 7.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after buying an additional 180 shares during the last quarter. Citigroup Inc. grew its stake in shares of Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after acquiring an additional 16,569 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after acquiring an additional 12,109 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Melius Research began coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Mizuho increased their target price on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Piper Sandler reduced their price target 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, Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. One investment analyst has 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 stock has an average rating of “Hold” and an average price target of $106.00.

Floor & Decor Stock Down 2.8 %

Shares of NYSE:FND opened at $95.01 on Wednesday. The firm has a fifty day moving average of $105.23 and a 200 day moving average of $105.40. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. 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 firm has a market capitalization of $10.19 billion, a PE ratio of 52.78, a price-to-earnings-growth ratio of 14.43 and a beta of 1.82.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm 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%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. As a group, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

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.