Centaurus Financial Inc. Grows Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Centaurus Financial Inc. raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,311 shares of the company’s stock after buying an additional 1,445 shares during the period. Floor & Decor accounts for 1.2% of Centaurus Financial Inc.’s investment portfolio, making the stock its 11th biggest holding. Centaurus Financial Inc. owned 0.14% of Floor & Decor worth $18,788,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Chris Bulman Inc bought a new stake in shares of Floor & Decor during the 2nd quarter worth $30,000. Blue Trust Inc. boosted its stake in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the last quarter. J.Safra Asset Management Corp grew its position in shares of Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares during the period. GAMMA Investing LLC increased its stake 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. raised its holdings in shares of Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after purchasing an additional 196 shares during the period.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $112.00 on Friday. The company’s fifty day moving average price is $110.06 and its 200-day moving average price is $108.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 62.22, a PEG ratio of 13.98 and a beta of 1.83. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on FND. Wells Fargo & Company boosted their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho increased their target price 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. Stifel Nicolaus lifted their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Robert W. Baird dropped their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.