Vanguard Group Inc. Has $976.32 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Vanguard Group Inc. boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,792,571 shares of the company's stock after acquiring an additional 133,766 shares during the quarter. Vanguard Group Inc. owned 9.13% of Floor & Decor worth $976,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD purchased a new position in shares of Floor & Decor during the 4th quarter valued at $128,797,000. Madison Investment Advisors LLC acquired a new position in shares of Floor & Decor in the fourth quarter worth $97,552,000. Principal Financial Group Inc. raised its holdings in shares of Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after acquiring an additional 926,208 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Floor & Decor during the fourth quarter valued at $54,640,000.

Floor & Decor Price Performance

NYSE:FND traded up $0.03 during mid-day trading on Monday, hitting $80.43. The company's stock had a trading volume of 2,269,516 shares, compared to its average volume of 1,559,439. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 42.33, a P/E/G ratio of 19.06 and a beta of 1.95. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a fifty-two week low of $79.01 and a fifty-two week high of $129.79. The stock has a fifty day moving average of $94.33 and a 200-day moving average of $102.90.

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Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (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 analysts' expectations of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group lowered 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. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and increased their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Wedbush downgraded shares of 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. Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, 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 research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $104.11.

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.