Floor & Decor Holdings, Inc. $FND Shares Acquired by CenterBook Partners LP

CenterBook Partners LP grew its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 158.7% during the third quarter, HoldingsChannel reports. The firm owned 19,273 shares of the company’s stock after buying an additional 11,822 shares during the quarter. CenterBook Partners LP’s holdings in Floor & Decor were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Floor & Decor by 6.5% during the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock worth $347,354,000 after acquiring an additional 416,572 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its position in shares of Floor & Decor by 41.7% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock worth $140,088,000 after purchasing an additional 811,910 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Floor & Decor by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock worth $132,424,000 after purchasing an additional 659,355 shares during the last quarter. Worldly Partners Management LLC boosted its stake in Floor & Decor by 3.2% during the 2nd quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company’s stock valued at $81,393,000 after purchasing an additional 42,000 shares during the period. Finally, Madison Asset Management LLC bought a new stake in Floor & Decor during the 2nd quarter valued at approximately $78,941,000.

Insider Activity at Floor & Decor

In other Floor & Decor news, EVP Ersan Sayman sold 21,428 shares of Floor & Decor stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the completion of the sale, the executive vice president owned 71,676 shares of the company’s stock, valued at approximately $3,727,152. The trade was a 23.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Telsey Advisory Group lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $68.00 to $50.00 in a research report on Friday, October 30th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and reduced their price target for the company from $53.00 to $38.00 in a report on Monday, November 2nd. Evercore restated a “positive” rating on shares of Floor & Decor in a research report on Friday, October 30th. Truist Financial dropped their price objective on shares of Floor & Decor from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Finally, TD Cowen cut their price objective on shares of Floor & Decor from $58.00 to $52.00 and set a “hold” rating for the company in a research report on Friday, October 30th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $54.70.

Floor & Decor Trading Down 3.5%

Shares of FND stock opened at $51.45 on Wednesday. The company has a market capitalization of $5.36 billion, a P/E ratio of 23.07 and a beta of 1.56. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $77.46. The company has a quick ratio of 0.44, a current ratio of 1.32 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $47.48 and a 200 day moving average price of $54.06.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

About Floor & Decor

Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.