Stonnington Group LLC Takes $218,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Stonnington Group LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds also recently modified their holdings of the company. Riverbridge Partners LLC lifted its position in Floor & Decor by 75.8% in the first quarter. Riverbridge Partners LLC now owns 703,740 shares of the company’s stock worth $57,003,000 after purchasing an additional 303,436 shares during the period. Point72 Asset Management L.P. lifted its position in Floor & Decor by 229.8% in the fourth quarter. Point72 Asset Management L.P. now owns 426,394 shares of the company’s stock worth $55,435,000 after purchasing an additional 297,094 shares during the period. Invesco Ltd. lifted its position in Floor & Decor by 13.6% in the fourth quarter. Invesco Ltd. now owns 2,024,606 shares of the company’s stock worth $263,218,000 after purchasing an additional 242,775 shares during the period. State Street Corp raised its stake in Floor & Decor by 10.6% during the fourth quarter. State Street Corp now owns 2,159,497 shares of the company’s stock worth $280,756,000 after acquiring an additional 206,424 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in Floor & Decor during the first quarter worth $11,199,000.

Insider Activity

In other news, EVP Steven Alan Denny sold 6,028 shares of Floor & Decor stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $95.10, for a total transaction of $573,262.80. Following the transaction, the executive vice president now owns 4,477 shares in the company, valued at approximately $425,762.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

Floor & Decor Price Performance

Shares of FND opened at $79.87 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.14 and a debt-to-equity ratio of 0.18. Floor & Decor Holdings, Inc. has a 1 year low of $59.91 and a 1 year high of $145.89. The stock has a market cap of $8.47 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 1.22 and a beta of 1.82. The stock’s 50-day moving average price is $82.82 and its two-hundred day moving average price is $80.31.

Floor & Decor (NYSE:FNDGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. Floor & Decor had a return on equity of 19.25% and a net margin of 7.09%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned $0.73 earnings per share. The company’s revenue was up 26.7% compared to the same quarter last year. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on FND. The Goldman Sachs Group lowered Floor & Decor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $109.00 to $64.00 in a research note on Monday, June 27th. William Blair reiterated an “outperform” rating on shares of Floor & Decor in a research note on Thursday, August 11th. Wells Fargo & Company dropped their price objective on Floor & Decor from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, June 8th. UBS Group lowered their target price on Floor & Decor from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Finally, Morgan Stanley lowered their target price on Floor & Decor from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, August 8th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.14.

About Floor & Decor

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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