Bridges Investment Management Inc. Purchases 78,626 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Bridges Investment Management Inc. grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 32.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,614 shares of the company's stock after purchasing an additional 78,626 shares during the quarter. Bridges Investment Management Inc. owned approximately 0.30% of Floor & Decor worth $25,800,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank raised its position in shares of Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after purchasing an additional 188 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Floor & Decor in the fourth quarter valued at approximately $49,000. First Horizon Advisors Inc. raised its position in shares of Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after purchasing an additional 255 shares during the period. EverSource Wealth Advisors LLC raised 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 purchasing an additional 793 shares during the period. Finally, J.Safra Asset Management Corp raised its position in shares of Floor & Decor by 71.9% in the first quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock valued at $173,000 after purchasing an additional 897 shares during the period.

Floor & Decor Stock Performance

Floor & Decor stock traded down $1.98 on Friday, hitting $83.29. The company's stock had a trading volume of 1,379,433 shares, compared to its average volume of 1,828,219. The firm has a market cap of $8.96 billion, a P/E ratio of 44.07, a price-to-earnings-growth ratio of 2.59 and a beta of 1.70. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $76.47 and a 200-day moving average price of $84.52. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results 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 net margin of 4.53% and a return on equity of 9.32%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The business's revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FND. Piper Sandler dropped their price target on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group lowered their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird lowered their price objective on shares of 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 price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Guggenheim lowered their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $91.71.

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.