Qsemble Capital Management LP Takes $223,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Qsemble Capital Management LP acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,721 shares of the company’s stock, valued at approximately $223,000.

Other large investors also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in Floor & Decor during the 4th quarter valued at $4,161,000. Wellington Management Group LLP lifted its holdings in Floor & Decor by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after purchasing an additional 265,622 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Floor & Decor during the 4th quarter valued at $1,767,000. Duality Advisers LP acquired a new stake in Floor & Decor during the 1st quarter valued at $4,238,000. Finally, Yousif Capital Management LLC acquired a new stake in Floor & Decor during the 4th quarter valued at $5,614,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FND shares. Evercore ISI lowered their price objective on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Wedbush reiterated an “outperform” rating and set a $125.00 price objective on shares of Floor & Decor in a research report on Friday, May 3rd. Truist Financial lowered their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Monday, April 29th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $127.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average price target of $107.33.

Floor & Decor Trading Up 4.8 %

Shares of FND stock traded up $4.36 during mid-day trading on Tuesday, reaching $94.90. 3,208,526 shares of the stock traded hands, compared to its average volume of 1,451,219. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 9.85 and a beta of 1.74. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $111.08 and its two-hundred day simple moving average is $112.73. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.66 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Steven Alan Denny sold 1,010 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the transaction, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Floor & Decor news, Director Peter Starrett sold 1,569 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total value of $192,375.09. Following the transaction, the director now owns 118,620 shares in the company, valued at $14,543,998.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the transaction, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock valued at $5,182,791 over the last 90 days. 2.10% of the stock is owned by insiders.

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.