Azzad Asset Management Inc. ADV bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 modified their holdings of the business. Louisiana State Employees Retirement System increased its holdings in shares of Floor & Decor by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock worth $2,971,000 after purchasing an additional 100 shares in the last quarter. Advisory Research Inc. boosted its stake in shares of Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock worth $1,722,000 after buying an additional 115 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock worth $341,000 after buying an additional 120 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Floor & Decor by 1.9% in the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock worth $652,000 after buying an additional 122 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Floor & Decor by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company's stock worth $296,000 after buying an additional 133 shares during the last quarter.
Floor & Decor Price Performance
Shares of Floor & Decor stock traded down $3.46 during trading hours on Friday, hitting $73.57. The company's stock had a trading volume of 1,825,050 shares, compared to its average volume of 1,857,020. The business has a 50 day moving average price of $73.92 and a two-hundred day moving average price of $88.61. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The company has a market cap of $7.92 billion, a PE ratio of 38.72, a PEG ratio of 19.06 and a beta of 1.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.
Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.45 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 business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. Analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on FND shares. Robert W. Baird dropped their price target on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Mizuho lowered their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Guggenheim lowered their target price on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Piper Sandler lowered their target price on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $93.56.
Check Out Our Latest Analysis on FND
Floor & Decor Profile
(
Free Report)
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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