Raymond James Financial Inc. Purchases Shares of 548,042 Floor & Decor Holdings, Inc. (NYSE:FND)

Raymond James Financial Inc. acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 548,042 shares of the company's stock, valued at approximately $54,640,000. Raymond James Financial Inc. owned about 0.51% of Floor & Decor as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new stake in Floor & Decor in the third quarter valued at $34,000. Whipplewood Advisors LLC purchased a new stake in shares of Floor & Decor in the 4th quarter worth about $35,000. Blue Trust Inc. boosted its stake in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Floor & Decor during the fourth quarter valued at about $49,000. Finally, Allworth Financial LP increased 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 buying an additional 182 shares during the period.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Friday, February 21st. Piper Sandler dropped their price target on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Wedbush downgraded 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. Gordon Haskett raised Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group downgraded shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price on the stock. in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and a consensus price target of $106.68.

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Floor & Decor Stock Performance

Shares of NYSE FND traded up $0.74 during trading on Friday, reaching $85.73. 1,553,487 shares of the company traded hands, compared to its average volume of 1,496,537. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a 50 day simple moving average of $97.19 and a 200-day simple moving average of $104.89. Floor & Decor Holdings, Inc. has a 52-week low of $83.36 and a 52-week high of $135.67. The stock has a market capitalization of $9.21 billion, a PE ratio of 45.12, a P/E/G ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current 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.