Cypress Advisory Group LLC Takes $459,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Cypress Advisory Group LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,599 shares of the company's stock, valued at approximately $459,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in Floor & Decor by 76.8% in the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after buying an additional 5,784,573 shares in the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Floor & Decor during the 4th quarter worth approximately $128,797,000. Marshall Wace LLP purchased a new stake in shares of Floor & Decor during the 4th quarter valued at approximately $109,574,000. Madison Investment Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at $97,552,000. Finally, Principal Financial Group Inc. grew its holdings in Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock valued at $146,037,000 after buying an additional 926,208 shares in the last quarter.

Floor & Decor Price Performance

Floor & Decor stock traded down $0.48 during mid-day trading on Tuesday, hitting $73.52. The stock had a trading volume of 1,050,927 shares, compared to its average volume of 2,177,594. The firm's 50 day moving average is $79.28 and its 200 day moving average is $94.53. 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 one year low of $66.01 and a one year high of $126.74. The firm has a market capitalization of $7.90 billion, a P/E ratio of 38.69, a P/E/G ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on FND. JPMorgan Chase & Co. upped their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Piper Sandler reduced their price objective on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday. Mizuho lowered their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $94.65.

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.