Massachusetts Financial Services Co. MA Purchases 333,338 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Massachusetts Financial Services Co. MA boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 221.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 483,752 shares of the company's stock after buying an additional 333,338 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.45% of Floor & Decor worth $60,067,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Chris Bulman Inc bought a new stake in Floor & Decor in the 2nd quarter valued at $30,000. Blue Trust Inc. raised its holdings in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after buying an additional 196 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock worth $43,000 after purchasing an additional 372 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company's stock valued at $70,000 after buying an additional 189 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company's stock valued at $89,000 after purchasing an additional 196 shares in the last quarter.

Floor & Decor Stock Performance

Shares of FND traded up $8.11 during trading hours on Monday, hitting $120.11. The stock had a trading volume of 1,993,185 shares, compared to its average volume of 1,494,469. The stock has a fifty day moving average price of $110.06 and a 200 day moving average price of $108.00. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market capitalization of $12.88 billion, a PE ratio of 67.39, a PEG ratio of 14.63 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (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 business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. Floor & Decor's revenue for the quarter was up .9% on a year-over-year basis. Analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Wedbush reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Telsey Advisory Group reissued a "market perform" rating and set a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Robert W. Baird dropped their price target on Floor & Decor from $127.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, July 29th. Finally, Piper Sandler decreased their price objective on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $104.37.

Floor & Decor Profile

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.