Russell Investments Group Ltd. Buys 33,773 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Russell Investments Group Ltd. boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 59.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,655 shares of the company's stock after purchasing an additional 33,773 shares during the period. Russell Investments Group Ltd. owned 0.08% of Floor & Decor worth $9,041,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after buying an additional 133,766 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Floor & Decor by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock worth $222,357,000 after purchasing an additional 24,509 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after purchasing an additional 223,332 shares in the last quarter. Principal Financial Group Inc. raised its position in Floor & Decor by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after purchasing an additional 926,208 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Floor & Decor during the 4th quarter worth $128,797,000.

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Floor & Decor Stock Down 1.4 %

Floor & Decor stock traded down $1.04 during midday trading on Tuesday, reaching $72.00. The stock had a trading volume of 2,220,132 shares, compared to its average volume of 1,666,012. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm's fifty day simple moving average is $87.31 and its 200-day simple moving average is $99.07. The stock has a market capitalization of $7.73 billion, a P/E ratio of 37.90, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data 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 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%. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Piper Sandler reduced their target price on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, Wedbush cut Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.