Floor & Decor Holdings, Inc. (NYSE:FND) Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 182.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 40,474 shares of the company’s stock after buying an additional 26,120 shares during the period. Maverick Capital Ltd.’s holdings in Floor & Decor were worth $5,026,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the last quarter. Chris Bulman Inc acquired a new stake in Floor & Decor during the 2nd quarter valued at $30,000. J.Safra Asset Management Corp grew its holdings in 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 buying an additional 372 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Floor & Decor by 36.7% during the second 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. boosted its holdings in shares of Floor & Decor by 37.8% during the third 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 last quarter.

Floor & Decor Stock Performance

Shares of FND stock opened at $112.21 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $109.71 and a two-hundred day moving average of $107.96. Floor & Decor Holdings, Inc. has a 52 week low of $89.06 and a 52 week high of $135.67. The company has a market cap of $12.03 billion, a P/E ratio of 62.34, a PEG ratio of 14.90 and a beta of 1.83.

Floor & Decor (NYSE:FND) last issued 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 company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. Floor & Decor’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

FND has been the topic of several analyst reports. Wells Fargo & Company raised their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Mizuho raised their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Guggenheim decreased their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Telsey Advisory Group restated a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Finally, Piper Sandler cut their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.37.

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.