Arlington Capital Management Inc. Buys New Shares in Floor & Decor Holdings Inc (NYSE:FND)

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Arlington Capital Management Inc. bought a new stake in Floor & Decor Holdings Inc (NYSE:FND) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 14,681 shares of the company’s stock, valued at approximately $751,000. Floor & Decor comprises 0.5% of Arlington Capital Management Inc.’s portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lisanti Capital Growth LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $1,922,000. Great Lakes Advisors LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $17,574,000. D L Carlson Investment Group Inc. increased its holdings in shares of Floor & Decor by 497.2% during the 3rd quarter. D L Carlson Investment Group Inc. now owns 59,545 shares of the company’s stock worth $3,046,000 after buying an additional 49,575 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Floor & Decor by 13.3% during the 3rd quarter. First Trust Advisors LP now owns 253,661 shares of the company’s stock worth $12,975,000 after buying an additional 29,761 shares during the last quarter. Finally, First Mercantile Trust Co. increased its holdings in shares of Floor & Decor by 33.5% during the 3rd quarter. First Mercantile Trust Co. now owns 6,566 shares of the company’s stock worth $335,000 after buying an additional 1,646 shares during the last quarter.

NYSE:FND opened at $43.79 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.32 and a current ratio of 1.31. The stock has a market capitalization of $4.45 billion, a P/E ratio of 45.14, a PEG ratio of 1.67 and a beta of 1.90. The company has a 50 day moving average price of $46.61 and a 200 day moving average price of $43.71. Floor & Decor Holdings Inc has a fifty-two week low of $23.30 and a fifty-two week high of $53.00.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $521.10 million during the quarter, compared to analysts’ expectations of $524.00 million. Floor & Decor had a net margin of 6.81% and a return on equity of 17.58%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. Research analysts forecast that Floor & Decor Holdings Inc will post 1.1 earnings per share for the current fiscal year.

In other Floor & Decor news, EVP David Victor Christopherson sold 2,925 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $48.00, for a total value of $140,400.00. Following the completion of the transaction, the executive vice president now owns 37,677 shares of the company’s stock, valued at approximately $1,808,496. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas V. Taylor sold 151,314 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $48.02, for a total transaction of $7,266,098.28. Following the completion of the transaction, the chief executive officer now directly owns 199,947 shares of the company’s stock, valued at approximately $9,601,454.94. The disclosure for this sale can be found here. Insiders have sold a total of 508,660 shares of company stock valued at $24,477,146 in the last ninety days. 7.00% of the stock is currently owned by corporate insiders.

FND has been the subject of a number of recent analyst reports. TheStreet downgraded shares of Floor & Decor from a “b-” rating to a “c+” rating in a report on Tuesday, September 10th. Morgan Stanley raised their price target on shares of Floor & Decor from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Raymond James initiated coverage on shares of Floor & Decor in a report on Monday, October 7th. They set a “strong-buy” rating and a $70.00 price target for the company. Wells Fargo & Co restated a “buy” rating and set a $50.00 price target on shares of Floor & Decor in a report on Monday. Finally, Citigroup cut their price target on shares of Floor & Decor from $51.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.03.

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, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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

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