Landscape Capital Management L.L.C. boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 111.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,932 shares of the company's stock after buying an additional 26,344 shares during the period. Floor & Decor makes up about 0.5% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 23rd largest holding. Landscape Capital Management L.L.C.'s holdings in Floor & Decor were worth $4,978,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in shares of 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 purchasing an additional 188 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Floor & Decor by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 488,262 shares of the company's stock valued at $48,680,000 after purchasing an additional 4,510 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Floor & Decor by 7.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,204 shares of the company's stock worth $1,416,000 after buying an additional 1,001 shares during the last quarter. Norges Bank bought a new position in shares of Floor & Decor in the fourth quarter worth approximately $38,717,000. Finally, Vanguard Group Inc. grew its holdings in shares of Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after buying an additional 133,766 shares during the last quarter.
Floor & Decor Stock Performance
NYSE FND traded down $0.69 on Wednesday, reaching $69.20. 809,098 shares of the stock were exchanged, compared to its average volume of 2,001,597. 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 Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The firm has a market capitalization of $7.43 billion, a PE ratio of 36.40, a PEG ratio of 19.06 and a beta of 1.86. The company's 50-day simple moving average is $89.81 and its two-hundred day simple moving average is $100.64.
Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating 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 company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.08 billion. Analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have commented on FND. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Friday, February 21st. The Goldman Sachs Group lowered Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, Piper Sandler reduced their price target on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and a consensus price target of $103.56.
View Our Latest Report on Floor & Decor
Floor & Decor Profile
(
Free Report)
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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