GAMMA Investing LLC Buys 102,590 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

GAMMA Investing LLC raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 6,336.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,209 shares of the company's stock after buying an additional 102,590 shares during the quarter. GAMMA Investing LLC owned about 0.10% of Floor & Decor worth $8,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. 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 purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Floor & Decor during the 4th quarter valued at about $35,000. Blue Trust Inc. raised its holdings in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after buying an additional 166 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Floor & Decor in the 4th quarter worth approximately $49,000. Finally, Proficio Capital Partners LLC purchased a new stake in Floor & Decor in the fourth quarter worth approximately $49,000.

Floor & Decor Price Performance

Shares of NYSE:FND traded up $2.10 during midday trading on Thursday, reaching $77.11. 2,006,964 shares of the company were exchanged, compared to its average volume of 1,847,521. The stock has a market cap of $8.30 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 19.06 and a beta of 1.71. The business's fifty day moving average is $73.76 and its two-hundred day moving average is $89.36. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.24. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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 the consensus estimate of $0.45. The business had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

FND has been the topic of several research reports. Mizuho decreased their price target 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. Piper Sandler lowered their price target on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Evercore ISI cut their price target on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Robert W. Baird lowered their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $93.56.

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.