Bridges Investment Management Inc. Raises Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Bridges Investment Management Inc. raised its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2,010.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 88,027 shares of the company's stock after purchasing an additional 83,856 shares during the period. Bridges Investment Management Inc. owned 0.08% of Floor & Decor worth $10,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vancity Investment Management Ltd increased its position in shares of Floor & Decor by 1.5% during the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company's stock valued at $991,000 after acquiring an additional 111 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Floor & Decor by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company's stock worth $1,092,000 after buying an additional 127 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company's stock valued at $333,000 after buying an additional 138 shares during the period. Silver Coast Investments LLC increased its position in shares of Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock worth $382,000 after acquiring an additional 150 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company's stock valued at $236,000 after acquiring an additional 169 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Mizuho upped their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Melius Research assumed coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a "sell" rating and a $80.00 price target for the company. Piper Sandler dropped their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Finally, Guggenheim decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $104.37.

Floor & Decor Trading Down 0.8 %

Shares of FND traded down $0.82 on Friday, hitting $100.49. 1,540,035 shares of the stock traded hands, compared to its average volume of 1,724,110. The firm has a market capitalization of $10.78 billion, a P/E ratio of 55.83, a P/E/G ratio of 13.20 and a beta of 1.83. 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 Holdings, Inc. has a 1 year low of $77.01 and a 1 year high of $135.67. The stock's 50 day moving average is $110.92 and its two-hundred day moving average is $108.63.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The business's quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.