Mitsubishi UFJ Kokusai Asset Management Co., Ltd. Ltd. by reducing its stake in Floor & Decor Holdings, Inc. (NYSE: FND – Get Rating) rose 25.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the company’s stock after selling 5,500 shares during the period. The holdings of Mitsubishi UFJ Kokusai Asset Management Co. Ltd. in Floor & Decor $1,124,000 at the end of the most recent quarter.
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Other large investors have also made changes to their positions in the company. Wipfli Financial Advisors LLC purchased a new stake in Floor & Decor during the third quarter worth approximately $25,000. CWM LLC strengthened its position in Floor & Decor stock by 61.9% in the second quarter. CWM LLC now owns 434 shares of the company’s stock valued at $27,000 after acquiring an additional 166 shares during the period. Ellevest Inc. increased Its position in Floor & Decor stock increased by 44.4% in the second quarter. Ellevest Inc. Now 891 shares of the company’s stock valued at $56,000 after acquiring an additional 274 shares during this period. The Canada Pension Plan Investment Board acquired a new stake in Floor & Decor during the first quarter worth approximately $57,000. Finally, First Horizon Advisors Inc. Its position in Floor & Decor increased by 676.9% during the second quarter. First Horizon Advisors Inc. Now 940 shares of the company’s stock are worth $59,000 after purchasing an additional 819 shares during this period.
Wall Street analyst weighs in
A number of research analysts have recently focused on the stock. Telsey Advisory Group cut price target on Floor & Decor shares from $105.00 to $95.00 and gave an “outperform” rating to the stock in a research note on Monday, October 31st. Morgan Stanley raised its price target for shares of Floor & Decor from $75.00 to $80.00 and gave the company an “equal” rating in a research report on Tuesday, January 17th. The Guggenheim cut the price target for Floor & Decor shares to $90.00 in a research report on Tuesday, November 1st. Credit Suisse Group began covering shares of Floor & Decor in a research report on Monday, December 19th. They issued a “Neutral” rating and a price target of $80.00 for the company. Finally, Sanford C. Bernstein began coverage on Floor & Decor stock in a research note on Tuesday, December 6th. They issued an “outperform” rating and a price target of $112.00 per share. Six equities research analysts have rated the stock with a hold rating, and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.63.
Flooring and decoration stock 4.5%
NYSE stock: FND opened at $83.69 on Friday. The company’s 50-day moving average is $75.88 and its 200-day moving average is $77.01. The company has a market capitalization of $8.88 billion, a PE ratio of 32.31, a P/E/G ratio of 1.09 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a trading ratio of 1.41. Register Floor & Decor Holdings, Inc. The 52-week low is at $59.91 and the 52-week high is at $112.79.
Floor & Decor (NYSE: FND – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported earnings of $0.70 per share (EPS) for the quarter, beating analyst estimates of $0.66 by $0.04. Floor & Decor’s return on equity was 18.96%, with a net margin of 6.75%. The company generated $1.10 billion in revenue for the quarter, compared to analyst expectations of $1.08 billion. Equity research analysts expect Floor & Decor Holdings, Inc. For 2.71 earnings per share for the current fiscal year.
Floor profile and decoration
Floor & Decor Holdings, Inc. operates as a multi-channel specialty flooring 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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