Polianta Ltd Takes Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Polianta Ltd bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,500 shares of the company's stock, valued at approximately $1,086,000.

A number of other hedge funds also recently made changes to their positions in 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 buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Floor & Decor during the fourth quarter worth approximately $35,000. Bank of Jackson Hole Trust purchased a new stake in Floor & Decor during the fourth quarter valued at approximately $49,000. Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $49,000. Finally, Allworth Financial LP boosted its holdings in shares of Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after purchasing an additional 182 shares during the period.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler decreased their price target on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Evercore ISI reduced their target price on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Robert W. Baird dropped their price target on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. The Goldman Sachs Group reduced their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Finally, Wedbush lowered Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Floor & Decor has an average rating of "Hold" and an average target price of $93.56.

Floor & Decor Stock Down 4.5%

Shares of FND stock traded down $3.46 on Friday, hitting $73.57. The stock had a trading volume of 1,825,050 shares, compared to its average volume of 1,854,102. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68. The business has a 50 day moving average price of $73.84 and a 200 day moving average price of $89.07. The company has a market cap of $7.92 billion, a PE ratio of 38.72, a P/E/G ratio of 19.06 and a beta of 1.71. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.