Salvus Wealth Management LLC Raises Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Salvus Wealth Management LLC grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 41.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,910 shares of the company's stock after buying an additional 14,107 shares during the period. Floor & Decor accounts for 2.4% of Salvus Wealth Management LLC's portfolio, making the stock its 11th biggest holding. Salvus Wealth Management LLC's holdings in Floor & Decor were worth $3,855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Capital Research Global Investors lifted its position in shares of Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after buying an additional 5,784,573 shares in the last quarter. Vanguard Group Inc. raised its stake in Floor & Decor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after purchasing an additional 133,766 shares during the period. Timucuan Asset Management Inc. FL raised its stake in Floor & Decor by 0.4% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock valued at $178,557,000 after purchasing an additional 7,329 shares during the period. JPMorgan Chase & Co. raised its stake in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after purchasing an additional 223,332 shares during the period. Finally, Two Creeks Capital Management LP raised its stake in Floor & Decor by 7.6% during the 4th quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock valued at $158,283,000 after purchasing an additional 112,001 shares during the period.

Floor & Decor Stock Down 1.5%

NYSE:FND traded down $1.06 during mid-day trading on Friday, hitting $71.44. 1,344,468 shares of the company's stock traded hands, compared to its average volume of 1,834,186. The company has a fifty day moving average of $73.73 and a 200 day moving average of $89.82. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $126.24. The company has a market capitalization of $7.69 billion, a P/E ratio of 37.60, a P/E/G ratio of 19.06 and a beta of 1.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results 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 return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $0.46 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FND. Loop Capital decreased 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. 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. Guggenheim decreased their target price on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Mizuho decreased their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Robert W. Baird decreased their target price 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Floor & Decor has a consensus rating of "Hold" and an average price target 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.