Polianta Ltd Buys Shares of 13,500 Floor & Decor Holdings, Inc. (NYSE:FND)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Floor & Decor by 1.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 172,297 shares of the company's stock worth $13,865,000 after purchasing an additional 2,624 shares during the last quarter. Bennett Selby Investments LP raised its stake in shares of Floor & Decor by 2.9% during the 1st quarter. Bennett Selby Investments LP now owns 117,668 shares of the company's stock valued at $9,469,000 after buying an additional 3,310 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Floor & Decor by 7.5% during the 1st quarter. OLD National Bancorp IN now owns 4,349 shares of the company's stock valued at $350,000 after buying an additional 302 shares during the last quarter. Procyon Advisors LLC purchased a new position in Floor & Decor during the first quarter valued at approximately $324,000. Finally, Salvus Wealth Management LLC raised its position in Floor & Decor by 41.7% during the first quarter. Salvus Wealth Management LLC now owns 47,910 shares of the company's stock valued at $3,855,000 after acquiring an additional 14,107 shares in the last quarter.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded up $1.19 during trading hours on Monday, reaching $74.82. 1,607,945 shares of the company's stock were exchanged, compared to its average volume of 1,856,024. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68. The company has a market capitalization of $8.05 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 19.06 and a beta of 1.71. The business has a fifty day moving average of $74.03 and a two-hundred day moving average of $88.17. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the company earned $0.46 EPS. Floor & Decor's revenue was up 5.8% compared to the same quarter last year. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FND shares. Wells Fargo & Company cut their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Mizuho cut their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Piper Sandler cut their price target on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Evercore ISI cut their price target on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $93.56.

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.