Natixis Makes New $1.88 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Natixis acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 18,888 shares of the company's stock, valued at approximately $1,883,000.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after acquiring an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Floor & Decor in the fourth quarter worth about $35,000. Blue Trust Inc. lifted its holdings in shares of Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after purchasing an additional 166 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Floor & Decor in the fourth quarter valued at approximately $49,000. Finally, Proficio Capital Partners LLC purchased a new position in Floor & Decor during the 4th quarter worth approximately $49,000.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded down $0.24 during trading hours on Friday, reaching $72.77. 1,538,081 shares of the company's stock were exchanged, compared to its average volume of 1,695,633. The business has a fifty day moving average of $82.19 and a two-hundred day moving average of $96.39. The company has a market capitalization of $7.82 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.74.

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 (EPS) for the quarter, beating 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 company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.08 billion. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Piper Sandler reduced their target price on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. Stifel Nicolaus raised Floor & Decor from a "hold" rating to a "buy" rating and raised their target price for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Evercore ISI decreased their price target on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $103.56.

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.