Rafferty Asset Management LLC Has $3.35 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Rafferty Asset Management LLC increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 25.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,591 shares of the company's stock after purchasing an additional 6,859 shares during the quarter. Rafferty Asset Management LLC's holdings in Floor & Decor were worth $3,349,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FND. Huntington National Bank raised its stake in Floor & Decor by 120.5% during the fourth 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. Whipplewood Advisors LLC bought a new position in shares of Floor & Decor during the fourth quarter valued at approximately $35,000. Blue Trust Inc. grew its holdings in shares of Floor & Decor by 59.9% during the fourth 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 acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $49,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $49,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FND. Mizuho dropped their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research note on Monday, April 28th. Wells Fargo & Company dropped their price target on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, Robert W. Baird decreased their price objective on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Price Performance

NYSE:FND traded down $0.40 during mid-day trading on Thursday, reaching $74.02. 2,036,482 shares of the stock were exchanged, compared to its average volume of 1,801,431. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average price of $76.24 and a 200 day moving average price of $92.55. 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 $7.96 billion, a PE ratio of 38.96, a PEG ratio of 19.06 and a beta of 1.79.

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, hitting 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 for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the company posted $0.46 EPS. The business's revenue was up 5.8% compared to the same quarter last year. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.