Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Worldly Partners Management LLC

Worldly Partners Management LLC increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,019,600 shares of the company’s stock after acquiring an additional 8,517 shares during the period. Floor & Decor makes up 60.2% of Worldly Partners Management LLC’s portfolio, making the stock its biggest position. Worldly Partners Management LLC owned approximately 0.95% of Floor & Decor worth $126,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FND. Verition Fund Management LLC bought a new stake in shares of Floor & Decor during the third quarter valued at approximately $1,473,000. Spyglass Capital Management LLC grew its stake in shares of Floor & Decor by 15.5% in the third quarter. Spyglass Capital Management LLC now owns 447,676 shares of the company’s stock worth $55,588,000 after purchasing an additional 59,924 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Floor & Decor by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,158 shares of the company’s stock valued at $34,787,000 after purchasing an additional 3,103 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Floor & Decor by 2.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,615 shares of the company’s stock valued at $2,808,000 after buying an additional 499 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in Floor & Decor during the 3rd quarter valued at about $825,000.

Floor & Decor Stock Performance

Shares of FND stock opened at $112.21 on Friday. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 62.34, a P/E/G ratio of 14.90 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 company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $109.85 and its 200-day simple moving average is $108.03.

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

Analyst Ratings Changes

FND has been the subject of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Melius Research initiated coverage on Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Guggenheim decreased their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Mizuho boosted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.37.

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.