Floor & Decor Holdings, Inc. (NYSE:FND) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 276,559 shares of the company's stock after acquiring an additional 13,983 shares during the period. Envestnet Asset Management Inc. owned approximately 0.26% of Floor & Decor worth $22,255,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Fisher Funds Management LTD increased its position in shares of Floor & Decor by 21.6% during the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock valued at $126,241,000 after acquiring an additional 279,087 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after acquiring an additional 1,558,409 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Floor & Decor by 242.6% during the first quarter. Teacher Retirement System of Texas now owns 22,407 shares of the company's stock valued at $1,803,000 after acquiring an additional 15,867 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after acquiring an additional 255 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of 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 acquiring an additional 897 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FND. Evercore ISI dropped their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a report on Tuesday, June 24th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a report on Monday, April 28th. Loop Capital dropped their price objective 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. Barclays dropped their price objective on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler dropped their price objective on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Floor & Decor has an average rating of "Hold" and an average price target of $91.19.

Floor & Decor Stock Down 1.4%

Shares of NYSE:FND traded down $1.15 during trading on Friday, hitting $78.88. 84,022 shares of the company were exchanged, compared to its average volume of 2,074,160. The stock has a market capitalization of $8.49 billion, a P/E ratio of 41.80, a PEG ratio of 2.44 and a beta of 1.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 0.27. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The firm's 50 day moving average price is $76.95 and its 200-day moving average price is $84.07.

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

About Floor & Decor

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.