Marshall Wace LLP Takes $57.99 Million Position in Floor & Decor Holdings Inc (FND)

Marshall Wace LLP bought a new stake in Floor & Decor Holdings Inc (NYSE:FND) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,922,030 shares of the company’s stock, valued at approximately $57,988,000.

A number of other institutional investors also recently bought and sold shares of FND. Bank of Montreal Can acquired a new stake in Floor & Decor in the 2nd quarter valued at approximately $512,000. Janney Montgomery Scott LLC increased its holdings in Floor & Decor by 36.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,500 shares of the company’s stock valued at $321,000 after purchasing an additional 1,750 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Floor & Decor in the 2nd quarter valued at approximately $674,000. Wells Fargo & Company MN increased its holdings in Floor & Decor by 9.7% in the 2nd quarter. Wells Fargo & Company MN now owns 146,631 shares of the company’s stock valued at $7,234,000 after purchasing an additional 13,007 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Floor & Decor in the 2nd quarter valued at approximately $4,719,000.

FND has been the subject of several research reports. Guggenheim initiated coverage on shares of Floor & Decor in a report on Wednesday, August 8th. They issued a “buy” rating for the company. Loop Capital upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, August 8th. Wells Fargo & Co upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $42.00 to $40.00 in a report on Friday, August 10th. Jefferies Financial Group upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, August 21st. Finally, William Blair reiterated an “outperform” rating on shares of Floor & Decor in a report on Thursday, August 23rd. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Floor & Decor presently has an average rating of “Buy” and an average price target of $42.56.

In other news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of Floor & Decor stock in a transaction on Friday, September 14th. The shares were sold at an average price of $37.00, for a total transaction of $286,531,996.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.20% of the company’s stock.

FND stock traded down $0.02 during midday trading on Thursday, hitting $32.25. The company’s stock had a trading volume of 2,183,500 shares, compared to its average volume of 1,213,063. The company has a quick ratio of 0.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. Floor & Decor Holdings Inc has a 52-week low of $24.01 and a 52-week high of $58.28. The stock has a market capitalization of $3.14 billion, a PE ratio of 46.49, a P/E/G ratio of 1.36 and a beta of 0.21.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Floor & Decor had a net margin of 8.80% and a return on equity of 19.82%. The company had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $428.88 million. During the same quarter last year, the company posted $0.17 EPS. The firm’s revenue was up 26.8% compared to the same quarter last year. Analysts expect that Floor & Decor Holdings Inc will post 0.95 EPS for the current fiscal year.

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Floor & Decor Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

Further Reading: SEC Filing

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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