Oak Thistle LLC Makes New $308,000 Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Oak Thistle LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,093 shares of the company's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its position in Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock valued at $60,067,000 after acquiring an additional 333,338 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after acquiring an additional 223,332 shares during the period. State Street Corp grew its position in shares of Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company's stock worth $468,097,000 after acquiring an additional 222,980 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its stake in Floor & Decor by 30.2% during the 3rd quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company's stock valued at $73,478,000 after purchasing an additional 137,388 shares during the period.

Floor & Decor Stock Performance

Shares of FND stock traded up $2.66 on Friday, reaching $99.81. The stock had a trading volume of 1,785,012 shares, compared to its average volume of 1,162,091. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 55.45, a P/E/G ratio of 10.51 and a beta of 1.84. The firm's 50-day moving average is $104.13 and its two-hundred day moving average is $105.00. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. Floor & Decor's revenue was up .9% compared to the same quarter last year. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FND. Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research report on Monday, October 28th. Stifel Nicolaus increased their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a report on Monday, November 4th. Mizuho boosted their target price on Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Melius Research assumed coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Floor & Decor has a consensus rating of "Hold" and an average target price of $104.67.

Floor & Decor Company Profile

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.