Floor & Decor Holdings, Inc. (NYSE:FND) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,945 shares of the company's stock after buying an additional 7,165 shares during the period. Silvercrest Asset Management Group LLC owned about 0.15% of Floor & Decor worth $15,548,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Floor & Decor during the fourth quarter worth about $38,717,000. Charles Schwab Investment Management Inc. lifted its holdings in Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after purchasing an additional 30,496 shares in the last quarter. Landscape Capital Management L.L.C. grew its position in shares of Floor & Decor by 111.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock valued at $4,978,000 after purchasing an additional 26,344 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Floor & Decor during the fourth quarter worth about $49,000. Finally, JPMorgan Chase & Co. raised its position in Floor & Decor by 16.0% during the third 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 in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wedbush cut Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a report on Monday, April 28th. Finally, Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Two investment 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $93.56.

Floor & Decor Stock Performance

NYSE:FND traded down $4.68 during mid-day trading on Wednesday, hitting $74.54. The company's stock had a trading volume of 1,787,866 shares, compared to its average volume of 1,800,491. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 19.06 and a beta of 1.79. The business's fifty day moving average is $76.46 and its two-hundred day moving average is $92.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.24.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $0.46 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS 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.