Bank of America Corp DE Has $44.72 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Bank of America Corp DE boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 448,521 shares of the company's stock after purchasing an additional 4,795 shares during the period. Bank of America Corp DE owned about 0.42% of Floor & Decor worth $44,718,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Huntington National Bank lifted its position in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after acquiring an additional 188 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Floor & Decor during the 4th quarter worth about $35,000. Blue Trust Inc. lifted its holdings in Floor & Decor by 59.9% in the 4th 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 purchased a new position in shares of Floor & Decor during the 4th quarter worth about $49,000. Finally, Allworth Financial LP lifted its holdings in shares of Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after acquiring an additional 182 shares during the period.

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded up $0.70 during trading on Tuesday, hitting $79.86. 137,451 shares of the stock were exchanged, compared to its average volume of 1,786,211. The stock's fifty day moving average is $76.58 and its 200 day moving average is $92.77. The stock has a market cap of $8.59 billion, a PE ratio of 42.09, a P/E/G ratio of 19.06 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.24.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.46 EPS. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on FND. Robert W. Baird cut their price target on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus lowered their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Piper Sandler cut their target price on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and cut their price target for the company from $110.00 to $100.00 in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $93.56.

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.