Allianz Asset Management GmbH boosted its holdings in Floor & Decor Holdings Inc (NYSE:FND) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 626,473 shares of the company’s stock after buying an additional 55,998 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.64% of Floor & Decor worth $18,901,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Floor & Decor during the third quarter valued at about $177,000. Strs Ohio acquired a new stake in shares of Floor & Decor during the second quarter valued at about $195,000. SG Americas Securities LLC acquired a new stake in shares of Floor & Decor during the second quarter valued at about $200,000. Pitcairn Co. acquired a new stake in shares of Floor & Decor during the second quarter valued at about $201,000. Finally, Clinton Group Inc. acquired a new stake in shares of Floor & Decor during the third quarter valued at about $204,000.
A number of brokerages have recently commented on FND. Citigroup cut their price target on Floor & Decor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, December 3rd. Zacks Investment Research raised Floor & Decor from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. ValuEngine raised Floor & Decor from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. Morgan Stanley began coverage on Floor & Decor in a research note on Monday, November 12th. They set an “equal weight” rating and a $33.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Floor & Decor in a research note on Monday, November 12th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.56.
Floor & Decor stock opened at $30.27 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.14 billion, a P/E ratio of 43.87, a P/E/G ratio of 1.36 and a beta of 0.21. Floor & Decor Holdings Inc has a one year low of $24.01 and a one year high of $58.28.
Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $435.90 million for the quarter, compared to analyst estimates of $428.88 million. Floor & Decor had a return on equity of 19.82% and a net margin of 8.80%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities analysts predict that Floor & Decor Holdings Inc will post 0.95 earnings per share for the current fiscal year.
In related news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of Floor & Decor stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $37.00, for a total value of $286,531,996.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.20% of the stock is owned by insiders.
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Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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