36,316 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,316 shares of the company's stock, valued at approximately $2,922,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Polianta Ltd purchased a new stake in Floor & Decor in the 1st quarter worth $1,086,000. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Floor & Decor by 1.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 172,297 shares of the company's stock worth $13,865,000 after purchasing an additional 2,624 shares in the last quarter. Bennett Selby Investments LP raised its position in shares of Floor & Decor by 2.9% during the 1st quarter. Bennett Selby Investments LP now owns 117,668 shares of the company's stock worth $9,469,000 after purchasing an additional 3,310 shares during the last quarter. OLD National Bancorp IN lifted its stake in Floor & Decor by 7.5% in the 1st quarter. OLD National Bancorp IN now owns 4,349 shares of the company's stock valued at $350,000 after buying an additional 302 shares in the last quarter. Finally, Procyon Advisors LLC acquired a new stake in Floor & Decor in the 1st quarter worth about $324,000.

Floor & Decor Trading Down 2.4%

Shares of NYSE:FND traded down $1.81 during mid-day trading on Tuesday, reaching $72.96. 1,009,538 shares of the company were exchanged, compared to its average volume of 1,852,651. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm's 50-day simple moving average is $74.03 and its 200 day simple moving average is $88.17. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 19.06 and a beta of 1.71.

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 (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

FND has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a report on Friday, May 2nd. Robert W. Baird reduced their price objective on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Loop Capital dropped their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Finally, Wells Fargo & Company reduced their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research 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 given a buy rating to the company. According to MarketBeat, Floor & Decor has a consensus rating of "Hold" and an average price target of $93.56.

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.