Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Lifted by Townsquare Capital LLC

Townsquare Capital LLC raised its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 196.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,413 shares of the company's stock after purchasing an additional 3,586 shares during the quarter. Townsquare Capital LLC's holdings in Floor & Decor were worth $540,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Floor & Decor during the fourth quarter worth approximately $38,717,000. Sanctuary Advisors LLC increased its holdings in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock valued at $338,000 after purchasing an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Floor & Decor by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock valued at $85,745,000 after purchasing an additional 30,496 shares during the period. Landscape Capital Management L.L.C. boosted its position in shares of Floor & Decor by 111.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after buying an additional 26,344 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Floor & Decor in the 4th quarter worth approximately $49,000.

Analysts Set New Price Targets

FND has been the topic of several analyst reports. Piper Sandler dropped their price target 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 reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a report on Friday, February 21st. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and upped their price objective for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Finally, The Goldman Sachs Group downgraded shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $103.56.

Floor & Decor Price Performance

Shares of FND stock traded up $3.25 during mid-day trading on Thursday, hitting $73.00. 1,600,281 shares of the stock traded hands, compared to its average volume of 1,691,927. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month 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 company's 50-day simple moving average is $83.20 and its 200-day simple moving average is $96.95. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion during 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, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

About Floor & Decor

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.