Virtu Financial LLC Invests $539,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Virtu Financial LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,403 shares of the company’s stock, valued at approximately $539,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in shares of Floor & Decor by 1.9% in the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after purchasing an additional 122 shares in the last quarter. Xponance Inc. raised its holdings in Floor & Decor by 5.9% in the fourth quarter. Xponance Inc. now owns 15,828 shares of the company’s stock valued at $1,578,000 after buying an additional 882 shares during the period. Polen Capital Management LLC lifted its position in Floor & Decor by 34.9% during the fourth quarter. Polen Capital Management LLC now owns 9,800 shares of the company’s stock valued at $977,000 after buying an additional 2,534 shares in the last quarter. Corient Private Wealth LLC grew its stake in Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Floor & Decor in the fourth quarter worth $97,552,000.

Floor & Decor Stock Down 3.4 %

NYSE:FND opened at $82.79 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 43.57, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a one year low of $80.82 and a one year high of $131.76. The stock has a 50-day simple moving average of $95.28 and a 200 day simple moving average of $103.41.

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

Wall Street Analyst Weigh In

FND has been the subject of a number of research reports. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Piper Sandler reduced their price target on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $104.11.

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.