Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Salvus Wealth Management LLC

Salvus Wealth Management LLC boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 41.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 47,910 shares of the company's stock after buying an additional 14,107 shares during the period. Floor & Decor makes up about 2.4% of Salvus Wealth Management LLC's investment portfolio, making the stock its 11th largest position. Salvus Wealth Management LLC's holdings in Floor & Decor were worth $3,855,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FND. Louisiana State Employees Retirement System lifted its position in Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock worth $2,971,000 after acquiring an additional 100 shares in the last quarter. Advisory Research Inc. boosted its stake in shares of Floor & Decor by 0.7% in the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock valued at $1,722,000 after purchasing an additional 115 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock valued at $341,000 after purchasing an additional 120 shares during the period. Teacher Retirement System of Texas grew its holdings in Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock valued at $652,000 after purchasing an additional 122 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Floor & Decor by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company's stock worth $296,000 after buying an additional 133 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FND shares. Stifel Nicolaus decreased their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Monday, April 28th. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Evercore ISI cut their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Finally, Mizuho reduced their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $93.56.

Floor & Decor Stock Performance

FND stock traded down $1.06 during trading on Friday, hitting $71.44. 1,344,468 shares of the company's stock traded hands, compared to its average volume of 1,827,730. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $126.24. The stock has a fifty day moving average price of $73.89 and a two-hundred day moving average price of $90.22. 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 for the quarter, meeting analysts' consensus estimates of $0.45. The business had revenue of $1.16 billion during 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS 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.