Y Intercept Hong Kong Ltd purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,718 shares of the company's stock, valued at approximately $371,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FND. Quarry LP bought a new position in Floor & Decor in the third quarter worth approximately $34,000. Blue Trust Inc. lifted its holdings in Floor & Decor by 59.9% during the fourth 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 bought a new position in shares of Floor & Decor in the fourth quarter worth approximately $49,000. Allworth Financial LP increased its stake in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after purchasing an additional 182 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Floor & Decor during the 3rd quarter valued at $74,000.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on FND shares. Gordon Haskett upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Friday, February 21st. Piper Sandler decreased their target price 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. The Goldman Sachs Group cut Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target for the company. in a report on Thursday, January 30th. Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $106.68.
Get Our Latest Report on FND
Floor & Decor Stock Down 0.0 %
Shares of NYSE:FND traded down $0.04 on Friday, reaching $90.29. The company had a trading volume of 805,740 shares, compared to its average volume of 1,482,116. Floor & Decor Holdings, Inc. has a 52-week low of $85.86 and a 52-week high of $135.67. The firm's 50 day simple moving average is $98.15 and its 200-day simple moving average is $105.52. The firm has a market capitalization of $9.70 billion, a PE ratio of 47.66, a PEG 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 (NYSE:FND - Get Free Report) last released its quarterly 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, analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.
Floor & Decor Profile
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Free Report)
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.
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