NBC Securities Inc. Raises Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

NBC Securities Inc. increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 130,266.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,911 shares of the company's stock after buying an additional 3,908 shares during the quarter. NBC Securities Inc.'s holdings in Floor & Decor were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank boosted its holdings in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after purchasing an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at about $35,000. Blue Trust Inc. increased its position in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Floor & Decor in the fourth quarter worth approximately $49,000. Finally, Proficio Capital Partners LLC bought a new position in Floor & Decor in the fourth quarter worth approximately $49,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reduced their price objective on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Wedbush cut Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $110.00 to $100.00 in a report on Friday, February 14th. Stifel Nicolaus lowered their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Wells Fargo & Company cut their price target on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $93.56.

Floor & Decor Trading Up 1.3%

Shares of NYSE:FND traded up $0.97 during trading hours on Tuesday, hitting $75.58. 1,818,338 shares of the company's stock traded hands, compared to its average volume of 1,841,251. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The business has a fifty day moving average price of $73.69 and a 200-day moving average price of $89.46. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.24. The firm has a market capitalization of $8.13 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 19.06 and a beta of 1.71.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates 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 return on equity of 9.80% and a net margin of 4.62%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current 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.