Invesco Ltd. Has $15.36 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Invesco Ltd. cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154,037 shares of the company's stock after selling 26,487 shares during the period. Invesco Ltd. owned 0.14% of Floor & Decor worth $15,357,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Huntington National Bank increased its position in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after buying an additional 188 shares during the period. Whipplewood Advisors LLC bought a new position in Floor & Decor during the fourth quarter worth $35,000. Blue Trust Inc. raised its stake in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Floor & Decor during the 4th quarter valued at $49,000. Finally, Allworth Financial LP boosted its holdings in Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after purchasing an additional 182 shares during the period.

Floor & Decor Price Performance

FND traded up $1.44 during trading on Wednesday, hitting $69.74. The company's stock had a trading volume of 2,578,976 shares, compared to its average volume of 1,689,581. The firm's 50 day moving average price is $83.75 and its two-hundred day moving average price is $97.14. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.08 billion. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FND. Evercore ISI cut their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus raised Floor & Decor from a "hold" rating to a "buy" rating and upped their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Piper Sandler reduced their price objective on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Wedbush cut Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Finally, Barclays raised Floor & Decor from an "underweight" rating to an "equal weight" rating and raised their target price 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 given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $103.56.

Floor & Decor Company 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.