KLP Kapitalforvaltning AS Makes New $2.05 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

KLP Kapitalforvaltning AS acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,600 shares of the company's stock, valued at approximately $2,054,000.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC raised its position in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock worth $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD purchased a new position in Floor & Decor in the fourth quarter valued at about $128,797,000. Madison Investment Advisors LLC bought a new position in Floor & Decor in the fourth quarter worth about $97,552,000. Principal Financial Group Inc. raised its holdings in Floor & Decor by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after purchasing an additional 926,208 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Floor & Decor during the fourth quarter valued at about $54,640,000.

Floor & Decor Stock Performance

NYSE:FND traded up $0.17 during mid-day trading on Monday, hitting $80.57. The company's stock had a trading volume of 992,025 shares, compared to its average volume of 1,554,492. The business's fifty day moving average is $94.33 and its two-hundred day moving average is $102.90. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 19.06 and a beta of 1.95. 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 $79.01 and a 1 year high of $129.79.

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Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. The Goldman Sachs Group cut Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Piper Sandler reduced their target price on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor currently has an average rating of "Hold" and an average price target of $104.11.

Floor & Decor 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.