Xponance Inc. Has $1.58 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Xponance Inc. lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,828 shares of the company’s stock after acquiring an additional 882 shares during the quarter. Xponance Inc.’s holdings in Floor & Decor were worth $1,578,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FND. Quarry LP acquired a new position in Floor & Decor during the 3rd quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in Floor & Decor during the 4th quarter worth about $35,000. Blue Trust Inc. lifted its holdings in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after buying an additional 166 shares during the period. Bank of Jackson Hole Trust acquired a new position in Floor & Decor during the 4th quarter worth about $49,000. Finally, Allworth Financial LP lifted its holdings in Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after buying an additional 182 shares during the period.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $84.23 on Friday. Floor & Decor Holdings, Inc. has a one year low of $80.82 and a one year high of $131.85. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 19.06 and a beta of 1.95. The business has a 50-day simple moving average of $95.76 and a 200 day simple moving average of $103.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on FND shares. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, February 21st. Piper Sandler cut their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price objective on shares of Floor & Decor in a research report on Friday, February 21st. Finally, Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.83.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.