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

Bridges Investment Management Inc. grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 174.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,988 shares of the company's stock after buying an additional 153,961 shares during the quarter. Bridges Investment Management Inc. owned 0.23% of Floor & Decor worth $24,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Floor & Decor by 34.7% during the third 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 in the last quarter. Fisher Funds Management LTD purchased a new stake in Floor & Decor during the fourth quarter worth $128,797,000. Principal Financial Group Inc. boosted its position in Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock valued at $146,037,000 after acquiring an additional 926,208 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Floor & Decor by 221.6% during the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Floor & Decor by 16.0% in the 3rd 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.

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Analyst Ratings Changes

A number of brokerages recently weighed in on FND. Piper Sandler dropped their price objective on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and increased their price target for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $106.68.

Floor & Decor Stock Performance

NYSE FND traded up $0.89 during trading hours on Wednesday, reaching $88.03. The stock had a trading volume of 1,839,663 shares, compared to its average volume of 1,484,006. Floor & Decor Holdings, Inc. has a 52-week low of $85.86 and a 52-week high of $135.67. The stock has a fifty day moving average of $98.65 and a 200 day moving average of $105.76. 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 $9.45 billion, a P/E ratio of 46.33, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95.

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

About Floor & Decor

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.