Live Oak Private Wealth LLC Reduces Position in Floor & Decor Holdings, Inc. $FND

Live Oak Private Wealth LLC lessened its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,993 shares of the company’s stock after selling 776 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Floor & Decor were worth $4,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Floor & Decor by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock worth $818,665,000 after acquiring an additional 380,976 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after acquiring an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Floor & Decor by 106.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock worth $243,275,000 after acquiring an additional 1,558,409 shares during the last quarter. Timucuan Asset Management Inc. FL lifted its stake in shares of Floor & Decor by 32.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock valued at $190,429,000 after buying an additional 575,520 shares in the last quarter. Finally, Fisher Funds Management LTD lifted its stake in shares of Floor & Decor by 21.6% during the 1st quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company’s stock valued at $126,241,000 after buying an additional 279,087 shares in the last quarter.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $69.04 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The company has a market cap of $7.43 billion, a P/E ratio of 35.40, a P/E/G ratio of 3.08 and a beta of 1.70. The firm’s fifty day moving average is $78.17 and its two-hundred day moving average is $77.30. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $122.90.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. Floor & Decor’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Floor & Decor in a research note on Wednesday, October 8th. Piper Sandler lowered their target price on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, August 1st. UBS Group lowered their target price on shares of Floor & Decor from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Telsey Advisory Group restated an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research note on Tuesday, August 12th. Finally, Wolfe Research assumed coverage on shares of Floor & Decor in a research note on Thursday, September 18th. They set an “underperform” rating and a $76.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.83.

Floor & Decor Profile

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.