Allspring Global Investments Holdings LLC Acquires New Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Allspring Global Investments Holdings LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 313,786 shares of the company's stock, valued at approximately $25,065,000. Allspring Global Investments Holdings LLC owned about 0.29% of Floor & Decor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Huntington National Bank boosted its holdings in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Floor & Decor by 1,201.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company's stock valued at $86,000 after buying an additional 793 shares during the last quarter. J.Safra Asset Management Corp lifted its position in shares of Floor & Decor by 69.0% in the fourth quarter. J.Safra Asset Management Corp now owns 1,247 shares of the company's stock valued at $125,000 after buying an additional 509 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Floor & Decor by 38.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,563 shares of the company's stock worth $156,000 after acquiring an additional 431 shares during the period. Finally, Forum Financial Management LP acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $202,000.

Floor & Decor Price Performance

Shares of NYSE:FND traded down $0.67 during trading on Friday, reaching $82.07. 1,021,309 shares of the company traded hands, compared to its average volume of 1,848,512. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68. The firm has a market capitalization of $8.83 billion, a PE ratio of 43.42, a PEG ratio of 2.57 and a beta of 1.70. The company's 50 day moving average is $75.24 and its two-hundred day moving average is $85.45.

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, hitting the consensus estimate of $0.45. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FND. Stifel Nicolaus reduced 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. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird lowered 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. The Goldman Sachs Group cut their price objective 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. Finally, Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $93.00.

Floor & Decor Company 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.