American Century Companies Inc. reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 64.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,705 shares of the company's stock after selling 244,883 shares during the quarter. American Century Companies Inc. owned about 0.13% of Floor & Decor worth $13,430,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of FND. Fisher Funds Management LTD acquired a new position in Floor & Decor in the 4th quarter worth about $128,797,000. Madison Investment Advisors LLC purchased a new position in Floor & Decor in the fourth quarter worth approximately $97,552,000. Principal Financial Group Inc. boosted its stake 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 worth $146,037,000 after buying an additional 926,208 shares during the period. Raymond James Financial Inc. purchased a new stake in Floor & Decor in the fourth quarter valued at approximately $54,640,000. Finally, JPMorgan Chase & Co. lifted its stake in Floor & Decor by 16.0% during the 3rd 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 in the last quarter.
Floor & Decor Stock Up 1.8 %
FND traded up $1.28 on Friday, reaching $71.55. The company's stock had a trading volume of 5,814,576 shares, compared to its average volume of 1,615,087. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.74. The business's 50 day moving average is $91.82 and its 200 day moving average is $101.55. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86.
Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.08 billion. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently weighed in on FND shares. Stifel Nicolaus raised 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 report on Monday, February 24th. The Goldman Sachs Group downgraded 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 note on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Finally, Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $103.56.
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About Floor & Decor
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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.
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