Envestnet Asset Management Inc. Buys 13,983 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Envestnet Asset Management Inc. increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,559 shares of the company's stock after acquiring an additional 13,983 shares during the quarter. Envestnet Asset Management Inc. owned about 0.26% of Floor & Decor worth $22,255,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FND. Advisory Research Inc. raised its position in shares of Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock worth $1,722,000 after purchasing an additional 115 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock worth $341,000 after buying an additional 120 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Floor & Decor by 1.9% during the fourth 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 in the last quarter. Huntington National Bank grew its holdings in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after buying an additional 188 shares in the last quarter. Finally, West Paces Advisors Inc. grew its holdings in shares of Floor & Decor by 5.9% during the fourth quarter. West Paces Advisors Inc. now owns 4,025 shares of the company's stock worth $401,000 after buying an additional 225 shares in the last quarter.

Analysts Set New Price Targets

FND has been the topic of a number of recent analyst reports. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Wells Fargo & Company dropped their price target on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Loop Capital dropped their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Robert W. Baird decreased 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. Finally, Evercore ISI decreased their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $91.19.

Floor & Decor Stock Performance

Shares of NYSE:FND traded down $1.39 during trading on Friday, hitting $78.64. 1,300,385 shares of the company were exchanged, compared to its average volume of 1,815,252. The company has a market cap of $8.46 billion, a PE ratio of 41.61, a P/E/G ratio of 2.49 and a beta of 1.70. The stock has a 50 day moving average of $77.01 and a 200 day moving average of $83.92. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68. 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 (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $0.46 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.