Spyglass Capital Management LLC Has $55.59 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Spyglass Capital Management LLC lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 447,676 shares of the company’s stock after buying an additional 59,924 shares during the quarter. Floor & Decor comprises about 3.7% of Spyglass Capital Management LLC’s holdings, making the stock its 13th largest position. Spyglass Capital Management LLC’s holdings in Floor & Decor were worth $55,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FND. CIBC Asset Management Inc raised its position in shares of Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after acquiring an additional 110 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Floor & Decor by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after buying an additional 138 shares during the period. Silver Coast Investments LLC increased its position in Floor & Decor by 5.1% in the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after buying an additional 150 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Floor & Decor by 7.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock worth $236,000 after buying an additional 169 shares during the period.

Floor & Decor Stock Down 0.6 %

FND opened at $114.08 on Friday. The firm has a market capitalization of $12.23 billion, a P/E ratio of 63.38, a price-to-earnings-growth ratio of 14.90 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. The company has a fifty day moving average price of $109.98 and a 200-day moving average price of $107.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping 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 analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $0.61 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FND. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Mizuho upped their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Guggenheim reduced their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Melius Research initiated coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.