Legal & General Group Plc lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,186 shares of the company's stock after selling 21,376 shares during the period. Legal & General Group Plc owned approximately 0.15% of Floor & Decor worth $16,270,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in FND. Fisher Funds Management LTD bought a new stake in shares of Floor & Decor in the fourth quarter worth $128,797,000. Madison Investment Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at about $97,552,000. Principal Financial Group Inc. lifted its stake in shares of Floor & Decor by 172.0% in the 4th 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Floor & Decor in the fourth quarter worth approximately $54,640,000. Finally, Norges Bank bought a new stake in Floor & Decor during the fourth quarter valued at approximately $38,717,000.
Floor & Decor Trading Up 1.6 %
FND stock traded up $1.12 during midday trading on Friday, reaching $70.12. The company's stock had a trading volume of 1,853,622 shares, compared to its average volume of 1,673,759. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a fifty day simple moving average of $84.92 and a two-hundred day simple moving average of $97.95.
Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on FND shares. Evercore ISI decreased their price target on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Wedbush cut Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Piper Sandler cut their price target on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and a consensus price target of $103.56.
Read Our Latest Research Report on Floor & Decor
About Floor & Decor
(
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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