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

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

Other large investors have also modified their holdings of the company. Huntington National Bank increased its holdings in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after acquiring an additional 188 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after acquiring an additional 255 shares during the period. Signaturefd LLC increased its holdings in shares of Floor & Decor by 18.5% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $141,000 after acquiring an additional 273 shares during the period. Forum Financial Management LP acquired a new stake in shares of Floor & Decor in the 4th quarter worth about $202,000. Finally, CWM LLC increased its holdings in shares of Floor & Decor by 67.6% in the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock worth $169,000 after acquiring an additional 849 shares during the period.

Analyst Ratings Changes

A number of analysts recently weighed in on FND shares. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen cut shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. The Goldman Sachs Group lowered their target price on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. 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 research note on Friday, May 2nd. Finally, Loop Capital lowered 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 note on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Floor & Decor currently has an average rating of "Hold" and an average price target of $91.19.

Floor & Decor Trading Down 1.7%

Shares of FND traded down $1.39 during midday trading on Friday, hitting $78.64. The stock had a trading volume of 1,300,385 shares, compared to its average volume of 1,815,252. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The business has a 50-day simple moving average of $77.01 and a two-hundred day simple moving average of $83.92. The firm has a market cap of $8.46 billion, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 2.44 and a beta of 1.70. 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 earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the company posted $0.46 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Floor & Decor Company 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.