California Public Employees Retirement System reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,421 shares of the company’s stock after selling 29,639 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Floor & Decor worth $11,107,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Riverbridge Partners LLC lifted its position in shares of Floor & Decor by 53.2% during the 2nd quarter. Riverbridge Partners LLC now owns 1,077,838 shares of the company’s stock valued at $67,861,000 after acquiring an additional 374,098 shares during the period. ST Germain D J Co. Inc. acquired a new stake in shares of Floor & Decor in the 1st quarter valued at about $11,199,000. Baird Financial Group Inc. increased its position in Floor & Decor by 22.3% in the 1st quarter. Baird Financial Group Inc. now owns 753,928 shares of the company’s stock valued at $61,068,000 after buying an additional 137,398 shares in the last quarter. Fenimore Asset Management Inc. raised its stake in Floor & Decor by 264.1% during the 2nd quarter. Fenimore Asset Management Inc. now owns 147,162 shares of the company’s stock worth $9,265,000 after buying an additional 106,741 shares during the period. Finally, Scout Investments Inc. raised its position in shares of Floor & Decor by 99.4% during the second quarter. Scout Investments Inc. now owns 194,952 shares of the company’s stock worth $12,274,000 after purchasing an additional 97,205 shares during the period.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FND. Guggenheim dropped their target price on Floor & Decor to $90.00 in a report on Tuesday, November 1st. Piper Sandler decreased their price objective on shares of Floor & Decor from $80.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. UBS Group dropped their target price on shares of Floor & Decor from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. William Blair reaffirmed an “outperform” rating on shares of Floor & Decor in a report on Thursday, August 11th. Finally, Robert W. Baird dropped their price target on Floor & Decor from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.86.
Floor & Decor Trading Up 0.7 %
Floor & Decor (NYSE:FND – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 6.75% and a return on equity of 18.96%. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2.71 EPS for the current year.
Floor & Decor Profile
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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