48,853 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 48,853 shares of the company's stock, valued at approximately $49,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock worth $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD bought a new position in shares of Floor & Decor during the fourth quarter valued at approximately $128,797,000. Principal Financial Group Inc. increased its holdings in Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock valued at $146,037,000 after buying an additional 926,208 shares during the period. JPMorgan Chase & Co. raised its stake in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after buying an additional 223,332 shares in the last quarter. Finally, State Street Corp lifted its holdings in 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 buying an additional 222,980 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FND shares. Piper Sandler cut their price target on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Gordon Haskett upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a report on Friday, February 21st. The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and raised their target price for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $104.11.

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Floor & Decor Stock Performance

NYSE FND traded up $0.03 during trading hours on Monday, reaching $80.43. The stock had a trading volume of 2,269,476 shares, compared to its average volume of 1,559,438. Floor & Decor Holdings, Inc. has a 52-week low of $79.01 and a 52-week high of $129.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a market cap of $8.64 billion, a P/E ratio of 42.33, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The stock has a fifty day moving average of $94.33 and a 200 day moving average of $102.90.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor 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.