Marshall Wace LLP Purchases New Shares in Floor & Decor Holdings, Inc. (NYSE:FND)

Marshall Wace LLP acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,099,041 shares of the company's stock, valued at approximately $109,574,000. Marshall Wace LLP owned approximately 1.02% of Floor & Decor as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Huntington National Bank lifted 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 period. Whipplewood Advisors LLC purchased a new stake in Floor & Decor during the 4th quarter valued at about $35,000. Blue Trust Inc. raised its position in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after buying an additional 166 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Floor & Decor in the fourth quarter valued at $49,000. Finally, Allworth Financial LP lifted its holdings in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after acquiring an additional 182 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI reduced their price target on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and boosted their target price for the company from $100.00 to $110.00 in a report on Monday, February 24th. Piper Sandler lowered their price objective on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $103.56.

Floor & Decor Trading Up 1.6 %

NYSE:FND traded up $1.12 on Friday, reaching $70.12. The stock had a trading volume of 1,853,622 shares, compared to its average volume of 1,676,548. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $126.74. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 36.90, a P/E/G ratio of 19.06 and a beta of 1.86. The firm's fifty day moving average is $84.92 and its two-hundred day moving average is $97.80. 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 (NYSE:FND - Get Free Report) last released 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 net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.08 billion. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Floor & Decor Company 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.