Algert Global LLC Has $4.44 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Algert Global LLC lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 248.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,716 shares of the company’s stock after purchasing an additional 25,480 shares during the quarter. Algert Global LLC’s holdings in Floor & Decor were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in Floor & Decor by 66.2% in the third quarter. Cerity Partners LLC now owns 4,377 shares of the company’s stock valued at $543,000 after acquiring an additional 1,744 shares during the last quarter. Icon Wealth Advisors LLC grew its position in shares of Floor & Decor by 118.8% in the third quarter. Icon Wealth Advisors LLC now owns 7,950 shares of the company’s stock valued at $987,000 after purchasing an additional 4,317 shares during the last quarter. Citigroup Inc. increased its position in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after buying an additional 16,569 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $103,003,000 after buying an additional 12,109 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Floor & Decor by 221.6% in the third 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.

Floor & Decor Stock Performance

NYSE FND opened at $112.00 on Monday. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a 50 day moving average of $110.06 and a 200-day moving average of $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. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 62.22, a PEG ratio of 13.98 and a beta of 1.83.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FND. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Robert W. Baird cut their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Piper Sandler decreased their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $104.37.

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.