Johnson Investment Counsel Inc. Has $2.04 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Johnson Investment Counsel Inc. grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 25.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,402 shares of the company's stock after purchasing an additional 5,166 shares during the period. Johnson Investment Counsel Inc.'s holdings in Floor & Decor were worth $2,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank lifted its stake in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after acquiring an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth $35,000. Bank of Jackson Hole Trust acquired a new position in Floor & Decor during the fourth quarter worth $49,000. Proficio Capital Partners LLC acquired a new position in Floor & Decor during the fourth quarter worth $49,000. Finally, Allworth Financial LP grew its position in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after purchasing an additional 182 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group cut their price target on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Floor & Decor from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th. Gordon Haskett lowered shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Evercore ISI reduced their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a report on Tuesday. Finally, Piper Sandler lowered their price target on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and a consensus target price of $93.00.

Floor & Decor Stock Performance

Shares of FND stock traded up $1.07 on Tuesday, hitting $76.67. The company's stock had a trading volume of 1,308,203 shares, compared to its average volume of 1,857,626. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. The company has a market capitalization of $8.25 billion, a PE ratio of 40.57, a PEG ratio of 2.35 and a beta of 1.72. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The stock's 50 day moving average is $73.90 and its 200-day moving average is $86.93.

Floor & Decor (NYSE:FND - Get Free Report) last released 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. The company 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 firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. Equities research analysts expect 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.