D L Carlson Investment Group Inc. Purchases 49,575 Shares of Floor & Decor Holdings Inc (NYSE:FND) – TechNewsObserver

D L Carlson Investment Group Inc. raised its holdings in shares of Floor & Decor Holdings Inc (NYSE:FND) by 497.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,545 shares of the companys stock after purchasing an additional 49,575 shares during the quarter. D L Carlson Investment Group Inc. owned 0.06% of Floor & Decor worth $3,046,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FND. First Trust Advisors LP raised its holdings in shares of Floor & Decor by 13.3% in the third quarter. First Trust Advisors LP now owns 253,661 shares of the companys stock valued at $12,975,000 after acquiring an additional 29,761 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in Floor & Decor by 33.5% in the third quarter. First Mercantile Trust Co. now owns 6,566 shares of the companys stock valued at $335,000 after acquiring an additional 1,646 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Floor & Decor by 6.5% in the third quarter. Oppenheimer & Co. Inc. now owns 49,602 shares of the companys stock valued at $2,537,000 after acquiring an additional 3,022 shares during the period. California Public Employees Retirement System raised its stake in shares of Floor & Decor by 97.3% during the 3rd quarter. California Public Employees Retirement System now owns 139,671 shares of the companys stock worth $7,144,000 after buying an additional 68,871 shares during the period. Finally, Columbus Circle Investors acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $6,224,000.

Shares of Floor & Decor stock opened at $44.63 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.31 and a quick ratio of 0.32. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.90. The business has a 50-day moving average of $45.55 and a 200 day moving average of $43.58. Floor & Decor Holdings Inc has a 12 month low of $23.30 and a 12 month high of $53.00.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $0.26 by $0.01. The company had revenue of $521.10 million for the quarter, compared to analyst estimates of $524.00 million. Floor & Decor had a return on equity of 17.58% and a net margin of 6.81%. Floor & Decors revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. Equities research analysts anticipate that Floor & Decor Holdings Inc will post 1.1 earnings per share for the current year.

In other news, CEO Thomas V. Taylor sold 151,314 shares of the firms stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $48.02, for a total transaction of $7,266,098.28. Following the sale, the chief executive officer now owns 199,947 shares of the companys stock, valued at approximately $9,601,454.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corporate Opportunities F. Ares sold 7,105,728 shares of the firms stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $43.80, for a total value of $311,230,886.40. The disclosure for this sale can be found here. Insiders sold a total of 7,512,777 shares of company stock worth $330,702,885 in the last ninety days. 7.00% of the stock is owned by corporate insiders.

FND has been the subject of several research analyst reports. Loop Capital upped their target price on Floor & Decor from $43.00 to $46.00 and gave the stock a hold rating in a research note on Monday, October 14th. Morgan Stanley upped their target price on Floor & Decor from $38.00 to $41.00 and gave the stock an equal weight rating in a research note on Thursday, August 22nd. UBS Group increased their price objective on Floor & Decor from $51.00 to $53.00 and gave the company a buy rating in a research note on Monday, November 4th. Zacks Investment Research downgraded Floor & Decor from a hold rating to a sell rating in a research note on Monday, November 4th. Finally, TheStreet cut Floor & Decor from a b- rating to a c+ rating in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the companys stock. The stock currently has a consensus rating of Hold and an average target price 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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D L Carlson Investment Group Inc. Purchases 49,575 Shares of Floor & Decor Holdings Inc (NYSE:FND) - TechNewsObserver