Southernsun Asset Management LLC Increases Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Southernsun Asset Management LLC lifted its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,518 shares of the company's stock after purchasing an additional 4,952 shares during the period. Floor & Decor comprises 0.5% of Southernsun Asset Management LLC's portfolio, making the stock its 28th largest holding. Southernsun Asset Management LLC's holdings in Floor & Decor were worth $4,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its stake in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock worth $338,000 after purchasing an additional 180 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Floor & Decor in the third quarter worth $74,000. Tidal Investments LLC boosted its position in shares of Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after acquiring an additional 130 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Floor & Decor by 20.0% in the 3rd quarter. Retirement Systems of Alabama now owns 158,440 shares of the company's stock valued at $19,673,000 after acquiring an additional 26,362 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after purchasing an additional 30,310 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of several research reports. Evercore ISI reduced 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. Piper Sandler cut 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. The Goldman Sachs Group downgraded shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price 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. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $103.56.

Floor & Decor Trading Down 0.3 %

Floor & Decor stock traded down $0.24 during mid-day trading on Friday, hitting $72.77. The company's stock had a trading volume of 1,538,081 shares, compared to its average volume of 1,695,633. 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 company has a 50 day moving average of $82.19 and a 200-day moving average of $96.39. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The stock has a market cap of $7.82 billion, a PE ratio of 38.30, a P/E/G ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly 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. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.08 billion. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS 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.