Baron Wealth Management LLC Decreases Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Baron Wealth Management LLC lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,506 shares of the company’s stock after selling 322 shares during the quarter. Baron Wealth Management LLC’s holdings in Floor & Decor were worth $311,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FND. Capital Research Global Investors boosted its stake in Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares during the period. XN LP bought a new stake in shares of Floor & Decor during the 2nd quarter valued at about $70,177,000. Natixis Advisors LLC boosted its position in shares of Floor & Decor by 94.7% during the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after acquiring an additional 173,518 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Floor & Decor during the 2nd quarter valued at about $14,953,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after acquiring an additional 115,876 shares during the last quarter.

Floor & Decor Stock Performance

Shares of FND opened at $102.45 on Tuesday. 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 simple moving average of $110.34 and a two-hundred day simple moving average of $108.28. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 13.44 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 52 week low of $88.53 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly 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. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. On average, analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FND. Guggenheim dropped their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company raised their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective on the stock. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Three equities 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. Based on data from MarketBeat, Floor & Decor currently has an average 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.