Floor & Decor Holdings, Inc. $FND Stock Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 11,732.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,435 shares of the company’s stock after purchasing an additional 14,313 shares during the period. Fulcrum Asset Management LLP’s holdings in Floor & Decor were worth $679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CenterBook Partners LP raised its position in shares of Floor & Decor by 158.7% during the third quarter. CenterBook Partners LP now owns 19,273 shares of the company’s stock valued at $883,000 after buying an additional 11,822 shares during the last quarter. Legacies Wealth LLC purchased a new position in shares of Floor & Decor in the third quarter worth $25,000. Kestra Advisory Services LLC lifted its holdings in shares of Floor & Decor by 26.8% in the third quarter. Kestra Advisory Services LLC now owns 5,946 shares of the company’s stock worth $272,000 after buying an additional 1,256 shares in the last quarter. Vise Technologies Inc. purchased a new position in shares of Floor & Decor in the third quarter worth $273,000. Finally, State of Wyoming bought a new position in shares of Floor & Decor during the third quarter worth $85,000.

Insider Activity

In other news, EVP Ersan Sayman sold 21,428 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the completion of the transaction, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,727,152. This represents a 23.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FND. 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. Weiss Ratings downgraded shares of Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of Floor & Decor from $59.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Stifel Nicolaus decreased their price target on shares of Floor & Decor from $52.00 to $51.00 and set a “hold” rating on the stock in a research note on Monday, November 2nd. Finally, Piper Sandler boosted their price target on shares of Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $54.70.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $48.90 on Friday. The stock has a 50 day moving average of $47.56 and a 200 day moving average of $53.83. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $77.46. The firm has a market cap of $5.10 billion, a PE ratio of 21.93 and a beta of 1.56. The company has a current ratio of 1.32, a quick ratio of 0.44 and a debt-to-equity ratio of 0.08.

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

Floor & Decor Profile

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.