Procyon Advisors LLC Invests $324,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Procyon Advisors LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,030 shares of the company's stock, valued at approximately $324,000.

Several other hedge funds have also modified their holdings of FND. Huntington National Bank increased its holdings in shares of 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 purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Floor & Decor in the 4th quarter valued at $35,000. Blue Trust Inc. increased its stake in shares of 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 buying an additional 166 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Floor & Decor during the fourth quarter worth $49,000. Finally, Allworth Financial LP lifted its stake in shares of Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after acquiring an additional 182 shares during the period.

Analyst Ratings Changes

A number of brokerages recently commented on FND. Loop Capital lowered their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Guggenheim dropped their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Robert W. Baird reduced their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Piper Sandler lowered their target price on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Stock Up 2.8%

Shares of NYSE:FND traded up $2.10 during trading on Thursday, hitting $77.11. 2,006,964 shares of the company's stock traded hands, compared to its average volume of 1,847,524. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $73.76 and a 200-day moving average price of $89.36. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $126.24. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 19.06 and a beta of 1.71.

Floor & Decor (NYSE:FND - Get Free Report) last announced its 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company posted $0.46 EPS. The business's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal 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.