Massachusetts Financial Services Co. MA Has $47.95 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Massachusetts Financial Services Co. MA grew its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595,836 shares of the company's stock after purchasing an additional 107,574 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.55% of Floor & Decor worth $47,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Advisory Research Inc. lifted its stake in shares of Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock valued at $1,722,000 after purchasing an additional 115 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock valued at $341,000 after acquiring an additional 120 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Floor & Decor by 1.9% in the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock valued at $652,000 after purchasing an additional 122 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Floor & Decor by 2.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,428 shares of the company's stock valued at $598,000 after purchasing an additional 171 shares during the last quarter. Finally, Huntington National Bank lifted its position in 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 acquiring an additional 188 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on FND shares. Guggenheim lowered their target price on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Barclays dropped their target price on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company dropped their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a report on Friday, May 2nd. Finally, Mizuho dropped their target price 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. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $90.33.

Floor & Decor Trading Down 2.3%

FND stock traded down $1.80 during trading on Monday, reaching $76.83. 1,759,333 shares of the stock were exchanged, compared to its average volume of 1,816,953. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 42.73, a P/E/G ratio of 2.45 and a beta of 1.70. The business has a 50 day moving average price of $77.01 and a 200-day moving average price of $83.72. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09.

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