Bridges Investment Management Inc. Increases Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Bridges Investment Management Inc. lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 32.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,614 shares of the company's stock after buying an additional 78,626 shares during the period. Bridges Investment Management Inc. owned approximately 0.30% of Floor & Decor worth $25,800,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Huntington National Bank lifted its position in Floor & Decor by 120.5% during the 4th 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. Proficio Capital Partners LLC acquired a new position in shares of Floor & Decor in the 4th quarter valued at $49,000. First Horizon Advisors Inc. boosted its holdings in Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after buying an additional 255 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Floor & Decor by 1,201.5% during 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 period. Finally, J.Safra Asset Management Corp grew its position in Floor & Decor by 71.9% during the first quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock valued at $173,000 after buying an additional 897 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research note on Monday, April 28th. Barclays reduced their price target on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Evercore ISI dropped their price objective on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. The Goldman Sachs Group cut their price objective on 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, Piper Sandler decreased 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $93.00.

Floor & Decor Trading Up 2.1%

FND stock traded up $1.69 during trading on Wednesday, reaching $83.69. 1,655,335 shares of the stock were exchanged, compared to its average volume of 1,845,583. The business has a 50 day moving average price of $75.78 and a 200-day moving average price of $84.90. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 44.56, a P/E/G ratio of 2.55 and a beta of 1.70.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.