Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Madison Asset Management LLC

Madison Asset Management LLC raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,063,511 shares of the company's stock after acquiring an additional 85,053 shares during the period. Madison Asset Management LLC owned approximately 0.99% of Floor & Decor worth $85,581,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FND. Norges Bank purchased a new stake in Floor & Decor during the fourth quarter worth $38,717,000. Envestnet Asset Management Inc. lifted its stake in Floor & Decor by 5.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock valued at $22,255,000 after buying an additional 13,983 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in Floor & Decor by 111.7% during 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 buying an additional 26,344 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Floor & Decor by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after buying an additional 701 shares in the last quarter. Finally, Davidson Kahn Capital Management LLC lifted its position in shares of Floor & Decor by 24.0% in the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after acquiring an additional 5,887 shares in the last quarter.

Floor & Decor Stock Up 1.4%

Shares of NYSE:FND traded up $1.13 during mid-day trading on Friday, hitting $79.82. 1,365,732 shares of the company traded hands, compared to its average volume of 2,061,354. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68. The firm's 50 day simple moving average is $76.90 and its 200 day simple moving average is $83.41. The firm has a market cap of $8.59 billion, a P/E ratio of 42.23, a PEG ratio of 2.53 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Loop Capital decreased their target price 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. The Goldman Sachs Group cut their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a report on Friday, May 2nd. Guggenheim reduced their price target on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Evercore ISI lowered their price objective on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $90.33.

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.