JPMorgan Chase & Co. Increases Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

JPMorgan Chase & Co. grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 16.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,617,658 shares of the company's stock after acquiring an additional 223,332 shares during the quarter. JPMorgan Chase & Co. owned 1.51% of Floor & Decor worth $200,865,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock worth $60,067,000 after purchasing an additional 333,338 shares in the last quarter. Conway Capital Management Inc. bought a new position in shares of Floor & Decor in the third quarter worth approximately $1,090,000. Citigroup Inc. grew its holdings in shares of Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company's stock valued at $9,632,000 after buying an additional 16,569 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Floor & Decor by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company's stock valued at $103,003,000 after acquiring an additional 12,109 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after acquiring an additional 30,310 shares during the last quarter.

Floor & Decor Stock Performance

NYSE FND traded down $0.19 on Tuesday, reaching $99.70. 2,399,539 shares of the stock were exchanged, compared to its average volume of 1,478,365. The firm has a market capitalization of $10.69 billion, a PE ratio of 55.39, a PEG ratio of 14.75 and a beta of 1.83. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The company's 50-day simple moving average is $105.71 and its two-hundred day simple moving average is $106.12. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. Analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on FND shares. Melius Research initiated coverage on Floor & Decor in a research note on Monday, September 23rd. They set a "sell" rating and a $80.00 target price on the stock. Wells Fargo & Company lifted their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Mizuho upped their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Piper Sandler dropped their price target on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a report on Monday, November 4th. Two investment 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's stock. Based on data from MarketBeat, the stock presently has an average 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.