Lecap Asset Management Ltd. Invests $2.18 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

Lecap Asset Management Ltd. acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 27,092 shares of the company's stock, valued at approximately $2,180,000.

Several other institutional investors also recently bought and sold shares of FND. Huntington National Bank boosted its holdings in shares of Floor & Decor by 120.5% in the fourth 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 acquired a new stake in Floor & Decor in the fourth quarter valued at about $35,000. Proficio Capital Partners LLC purchased a new stake in Floor & Decor in the 4th quarter valued at approximately $49,000. Allworth Financial LP increased its position in Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after purchasing an additional 182 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Floor & Decor by 1,201.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company's stock worth $86,000 after buying an additional 793 shares in the last quarter.

Wall Street Analyst Weigh In

FND has been the topic of a number of analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Monday, April 28th. Evercore ISI reduced their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a report on Tuesday. Barclays lowered their price target on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Mizuho cut their price target on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler decreased their price objective on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $93.00.

Floor & Decor Trading Up 1.4%

Shares of Floor & Decor stock opened at $76.67 on Wednesday. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year 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. The business has a 50 day moving average price of $74.00 and a 200 day moving average price of $86.86. The company has a market capitalization of $8.25 billion, a P/E ratio of 40.57, a P/E/G ratio of 2.35 and a beta of 1.71.

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, meeting the consensus estimate of $0.45. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The business's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS 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.

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