LPL Financial LLC Increases Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

LPL Financial LLC lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,968 shares of the company's stock after acquiring an additional 7,670 shares during the period. LPL Financial LLC's holdings in Floor & Decor were worth $1,991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Whipplewood Advisors LLC bought a new stake in Floor & Decor during the fourth quarter worth $35,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor in the fourth quarter valued at about $49,000. Proficio Capital Partners LLC purchased a new stake in shares of Floor & Decor in the fourth quarter valued at about $49,000. Finally, Allworth Financial LP lifted its position in shares of Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after purchasing an additional 182 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, Piper Sandler lowered their target price on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $103.56.

Floor & Decor Price Performance

NYSE FND traded up $1.12 during trading hours on Friday, hitting $70.12. The company had a trading volume of 1,853,622 shares, compared to its average volume of 1,673,759. 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 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 52 week low of $66.01 and a 52 week high of $126.74. The firm has a 50 day simple moving average of $84.92 and a 200 day simple moving average of $97.95.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS 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%. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

About Floor & Decor

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.