Citigroup Inc. Has $9.63 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Citigroup Inc. lifted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 27.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,568 shares of the company’s stock after buying an additional 16,569 shares during the quarter. Citigroup Inc.’s holdings in Floor & Decor were worth $9,632,000 as of its most recent filing with the Securities and Exchange Commission.

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

Floor & Decor Stock Down 1.6 %

Shares of NYSE:FND opened at $112.21 on Friday. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The company’s 50-day moving average price is $109.85 and its two-hundred day moving average price is $108.03. 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 firm has a market cap of $12.03 billion, a P/E ratio of 62.34, a P/E/G ratio of 14.90 and a beta of 1.83.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Guggenheim lowered their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor 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.