Landscape Capital Management L.L.C. Cuts Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Landscape Capital Management L.L.C. lowered its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 44.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,588 shares of the company’s stock after selling 18,496 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Floor & Decor were worth $2,929,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FND. Chris Bulman Inc acquired a new stake in Floor & Decor in the 2nd quarter valued at $30,000. Blue Trust Inc. boosted its position in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on FND. Stifel Nicolaus boosted their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Piper Sandler cut their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company boosted their target price 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Price Performance

Floor & Decor stock opened at $103.46 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52-week low of $88.53 and a 52-week high of $135.67. The firm has a market cap of $11.09 billion, a PE ratio of 57.48, a price-to-earnings-growth ratio of 13.00 and a beta of 1.83. The company’s 50 day moving average is $110.14 and its two-hundred day moving average is $108.15.

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 the consensus estimate of $0.42 by $0.06. The business 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 company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

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.