Johnson Investment Counsel Inc. Purchases 5,166 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Johnson Investment Counsel Inc. boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 25.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,402 shares of the company's stock after purchasing an additional 5,166 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Floor & Decor were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Floor & Decor during the fourth quarter worth approximately $38,717,000. Charles Schwab Investment Management Inc. raised its position in shares of Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock valued at $85,745,000 after acquiring an additional 30,496 shares during the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of Floor & Decor by 111.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock valued at $4,978,000 after purchasing an additional 26,344 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Floor & Decor in the 4th quarter worth $49,000. Finally, Raymond James Financial Inc. bought a new stake in Floor & Decor in the fourth quarter valued at about $54,640,000.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FND. Wall Street Zen upgraded Floor & Decor from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th. Loop Capital reduced their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Wells Fargo & Company dropped their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Mizuho lowered their price target on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $93.56.

Floor & Decor Trading Up 2.6%

Floor & Decor stock opened at $75.75 on Friday. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 2.30 and a beta of 1.71. The firm has a 50-day moving average of $73.85 and a 200-day moving average of $87.46. 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 one year low of $66.01 and a one year high of $124.68.

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

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