Maverick Capital Ltd. Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Maverick Capital Ltd. lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 182.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,474 shares of the company’s stock after acquiring an additional 26,120 shares during the quarter. Maverick Capital Ltd.’s holdings in Floor & Decor were worth $5,026,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Chris Bulman Inc purchased a new position in Floor & Decor in the 2nd quarter valued at about $30,000. Blue Trust Inc. lifted its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares in the last quarter. GAMMA Investing LLC lifted its stake in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying an additional 196 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the topic of a number of research reports. Mizuho raised their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Guggenheim decreased their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered 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. Finally, Melius Research assumed coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Two equities 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Performance

Shares of FND stock opened at $112.21 on Friday. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 62.34, a price-to-earnings-growth ratio of 14.90 and a beta of 1.83. The stock has a 50 day simple moving average of $109.71 and a 200-day simple moving average of $107.96. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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

About Floor & Decor

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.