Covenant Partners LLC Invests in Floor & Decor Holdings, in Q1 2021
July 5, 2023
🌥️Trending News
Floor & Decor ($NYSE:FND) is a leading home improvement retailer, specializing in flooring, wall décor, and home décor products. The company’s success lies in its ability to provide customers with quality products at competitive prices. Floor & Decor stocks a wide array of products from leading manufacturers in the industry, including laminate flooring, tile, hardwood, vinyl flooring, and more. The company also offers exclusive promotions and discounts on select products throughout the year.
With the recent investment from Covenant Partners LLC, Floor & Decor is well-positioned to continue its success and growth in the coming years. The additional capital will help the company to expand its product offerings, as well as invest in new technology and services that will help the company better serve its customers.
Stock Price
The stock opened at $103.8 and closed at $104.0, an increase of 0.1% from the previous closing price. This is the latest move to show the company’s commitment to investing in the home improvement sector. Covenant Partners LLC’s investment in FLOOR & DECOR is the latest example of its long-term dedication to investing in businesses that will help create a strong economy both now and in the future.
It is clear that companies are looking to invest in businesses that can bring long term growth potential. FLOOR & DECOR is certainly one such business, and with the backing of Covenant Partners LLC, it is ready to take its place as a leader in the home improvement sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FND. More…
| Total Revenues | Net Income | Net Margin |
| 4.36k | 298.77 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FND. More…
| Operations | Investing | Financing |
| 366.06 | -493.64 | 100.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FND. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.34k | 2.61k | 16.26 |
Key Ratios Snapshot
Some of the financial key ratios for FND are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.1% | 33.9% | 9.1% |
| FCF Margin | ROE | ROA |
| -3.0% | 14.7% | 5.7% |
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of FLOOR & DECOR to provide our users with a comprehensive overview of this company. Our Risk Rating indicates that FLOOR & DECOR is a medium risk investment in terms of both its financial and business aspects. Furthermore, our analysis has flagged two risk warnings within FLOOR & DECOR’s balance sheet that could be indicative of underlying issues. To learn more about these risk warnings and understand FLOOR & DECOR’s investment risks in greater detail, register on goodwhale.com today. More…
Peers
Floor & Decor Holdings Inc. is one of the leading flooring retailers in the United States. The company offers a wide variety of flooring products and services, including ceramic tile, hardwood, laminate, and stone. Floor & Decor also provides installation services and financing options. The company’s competitors include Victorian Plumbing Group PLC, Lowe’s Companies Inc, and Marks Electrical Group PLC.
– Victorian Plumbing Group PLC ($LSE:VIC)
Victorian Plumbing Group PLC is a United Kingdom-based company, which is engaged in the retail of plumbing and bathroom products. The Company offers a range of over 10,000 products, including baths, toilets, basins, taps, showers, furniture, heating, lighting, and accessories. It offers its products through its website and showroom. The Company operates through two segments: United Kingdom and Europe.
– Lowe’s Companies Inc ($NYSE:LOW)
Lowe’s Companies Inc. is a publicly traded company with a market capitalization of 111.61 billion as of March 2022. The company operates in the home improvement and retail sectors and has a return on equity of -99.39%. Lowe’s Companies Inc. was founded in 1946 and is headquartered in Mooresville, North Carolina. The company operates over 2,200 stores in the United States, Canada, and Mexico. Lowe’s Companies Inc. offers a variety of home improvement products and services, including appliances, tools, hardware, and more.
– Marks Electrical Group PLC ($LSE:MRK)
Marks Electrical Group PLC is a leading provider of electrical products and services in the United Kingdom. The company has a market capitalization of 71.37 million as of 2022 and a return on equity of 27.33%. Marks Electrical Group PLC is a publicly traded company listed on the London Stock Exchange. The company offers a wide range of electrical products and services, including electrical installation, repair, and maintenance services.
Summary
Floor & Decor Holdings, Inc. (FLOOR) is an attractive investment opportunity for investors looking for a growth-oriented company. Analysts expect FLOOR’s earnings to continue to grow over the coming years, with its stock price gaining as well. The company has a strong balance sheet and a low debt-to-equity ratio, suggesting that it is in a good financial position and is well-positioned to weather economic downturns.
Additionally, FLOOR has a robust business model, with a variety of products and services that appeal to a wide range of customers. Given FLOOR’s strong fundamentals and the confidence of institutional investors, it is an attractive option for long-term investors looking for solid returns.
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