24,048 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by AGP Franklin LLC

AGP Franklin 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 Securities and Exchange Commission (SEC). The firm bought 24,048 shares of the company's stock, valued at approximately $2,398,000. Floor & Decor accounts for approximately 1.5% of AGP Franklin LLC's holdings, making the stock its 26th biggest position.

Several other institutional investors have also made changes to their positions in FND. Vanguard Group Inc. grew its position in Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after purchasing an additional 133,766 shares in the last quarter. Timucuan Asset Management Inc. FL grew its holdings in shares of Floor & Decor by 0.4% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock valued at $178,557,000 after acquiring an additional 7,329 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 223,332 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after acquiring an additional 926,208 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in Floor & Decor during the fourth quarter valued at $128,797,000.

Floor & Decor Stock Performance

NYSE:FND traded up $1.12 during trading hours on Friday, hitting $70.12. 1,853,622 shares of the company traded hands, compared to its average volume of 1,673,759. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $84.92 and a 200 day moving average of $97.95. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $126.74. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 36.90, a P/E/G ratio of 19.06 and a beta of 1.86.

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

Analyst Ratings Changes

Several brokerages have weighed in on FND. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Piper Sandler dropped their price objective on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Finally, Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $103.56.

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.