Scientech Research LLC Acquires 13,850 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Scientech Research LLC grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 353.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,773 shares of the company's stock after purchasing an additional 13,850 shares during the quarter. Scientech Research LLC's holdings in Floor & Decor were worth $1,767,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FND. Polen Capital Management LLC boosted its position in shares of Floor & Decor by 59,133.5% in the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company's stock worth $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company's stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares in the last quarter. XN LP acquired a new stake in shares of Floor & Decor in the 2nd quarter worth $70,177,000. Capital World Investors boosted its position in shares of Floor & Decor by 5.6% in the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company's stock worth $1,328,518,000 after purchasing an additional 627,256 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Floor & Decor in the 4th quarter worth $39,315,000.

Floor & Decor Stock Performance

NYSE FND opened at $120.99 on Friday. The stock has a 50-day simple moving average of $106.01 and a two-hundred day simple moving average of $110.95. The firm has a market capitalization of $12.95 billion, a P/E ratio of 58.45, a PEG ratio of 2.46 and a beta of 1.79. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $0.66 EPS. Floor & Decor's revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FND. Truist Financial lowered their price objective on Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Melius Research started coverage on Floor & Decor in a research report on Monday. They issued a "sell" rating and a $80.00 price objective for the company. TD Cowen lowered their price target on Floor & Decor from $115.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, July 12th. Wedbush reaffirmed an "outperform" rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price target on Floor & Decor from $85.00 to $100.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $102.65.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.

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