GAMMA Investing LLC Raises Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

GAMMA Investing LLC raised its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,619 shares of the company’s stock after buying an additional 212 shares during the quarter. GAMMA Investing LLC’s holdings in Floor & Decor were worth $161,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FND. Massachusetts Financial Services Co. MA lifted its position in Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the period. Conway Capital Management Inc. purchased a new position in shares of Floor & Decor during the third quarter valued at approximately $1,090,000. Sanctuary Advisors LLC grew its stake in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after buying an additional 180 shares during the last quarter. Citigroup Inc. increased its position in Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after buying an additional 16,569 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 12,109 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FND shares. Telsey Advisory Group restated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a 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 target price for the company. Wells Fargo & Company increased their price target 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. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Finally, Piper Sandler cut their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $105.21.

Floor & Decor Trading Up 0.9 %

Shares of FND stock opened at $95.96 on Thursday. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The firm has a fifty day moving average price of $105.14 and a 200-day moving average price of $105.33. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 14.43 and a beta of 1.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

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

About Floor & Decor

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.