NBC Securities Inc. Buys 3,908 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

NBC Securities Inc. increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 130,266.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,911 shares of the company's stock after acquiring an additional 3,908 shares during the quarter. NBC Securities Inc.'s holdings in Floor & Decor were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Floor & Decor by 6,336.6% during the first quarter. GAMMA Investing LLC now owns 104,209 shares of the company's stock worth $8,386,000 after acquiring an additional 102,590 shares during the period. Challenger Wealth Management bought a new stake in shares of Floor & Decor in the fourth quarter valued at $249,000. Forum Financial Management LP bought a new stake in shares of Floor & Decor in the fourth quarter valued at $202,000. Cache Advisors LLC bought a new stake in shares of Floor & Decor in the fourth quarter valued at $219,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Floor & Decor by 10.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company's stock valued at $30,871,000 after buying an additional 29,480 shares during the period.

Floor & Decor Price Performance

Floor & Decor stock traded up $3.35 during midday trading on Monday, hitting $74.80. 2,510,710 shares of the company's stock were exchanged, compared to its average volume of 1,836,937. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.24. The stock has a 50-day moving average price of $73.58 and a two-hundred day moving average price of $89.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a market cap of $8.05 billion, a P/E ratio of 39.37, a PEG ratio of 19.06 and a beta of 1.71.

Floor & Decor (NYSE:FND - Get Free Report) last posted 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 return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

FND has been the topic of several research reports. Wall Street Zen upgraded Floor & Decor from a "sell" rating to a "hold" rating in a research note on Saturday. Loop Capital lowered their target price on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird decreased their price objective on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, The Goldman Sachs Group decreased their price objective on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Floor & Decor has an average rating of "Hold" and a consensus price target of $93.56.

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.