4,030 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by Procyon Advisors LLC

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

Several other hedge funds have also made changes to their positions in FND. Huntington National Bank lifted its stake in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after acquiring an additional 188 shares during the period. Whipplewood Advisors LLC bought a new stake in Floor & Decor during the 4th quarter valued at $35,000. Blue Trust Inc. raised its position in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor during the 4th quarter worth $49,000. Finally, Allworth Financial LP grew its stake in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after purchasing an additional 182 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on FND. The Goldman Sachs Group decreased their price target on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research report on Friday, May 2nd. Guggenheim dropped their target price on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Piper Sandler lowered their price target on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Robert W. Baird cut their price objective 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. Finally, Loop Capital decreased their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Trading Down 1.5%

Shares of NYSE:FND opened at $71.44 on Monday. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 19.06 and a beta of 1.71. The business's 50 day moving average price is $73.73 and its 200-day moving average price is $89.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.24.

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

Floor & Decor 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.

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