Massachusetts Financial Services Co. MA Has $48.68 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,262 shares of the company's stock after purchasing an additional 4,510 shares during the period. Massachusetts Financial Services Co. MA owned about 0.46% of Floor & Decor worth $48,680,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA boosted its stake in Floor & Decor by 7.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,204 shares of the company's stock valued at $1,416,000 after buying an additional 1,001 shares in the last quarter. Norges Bank acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $38,717,000. Vanguard Group Inc. grew its holdings in shares of Floor & Decor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after purchasing an additional 133,766 shares during the last quarter. LPL Financial LLC increased its position in shares of Floor & Decor by 62.4% during the 4th quarter. LPL Financial LLC now owns 19,968 shares of the company's stock worth $1,991,000 after purchasing an additional 7,670 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Floor & Decor during the 4th quarter valued at about $2,054,000.

Analyst Ratings Changes

Several analysts have recently weighed in on FND shares. JPMorgan Chase & Co. raised their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. The Goldman Sachs Group downgraded 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. Evercore ISI decreased their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Stifel Nicolaus raised Floor & Decor from a "hold" rating to a "buy" rating and lifted their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Finally, Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and a consensus target price of $103.56.

Remove Ads

Floor & Decor Stock Down 7.7 %

NYSE:FND traded down $6.02 during trading hours on Thursday, reaching $72.18. 787,952 shares of the stock were exchanged, compared to its average volume of 1,645,229. The stock has a market cap of $7.75 billion, a PE ratio of 38.08, a PEG ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $126.74. The firm has a 50 day moving average of $88.86 and a 200 day moving average of $100.20. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for 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 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.