First Trust Advisors LP Purchases 47,790 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

First Trust Advisors LP lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 895.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,127 shares of the company's stock after buying an additional 47,790 shares during the quarter. First Trust Advisors LP's holdings in Floor & Decor were worth $5,297,000 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 FND. Louisiana State Employees Retirement System raised its stake 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 during the period. Advisory Research Inc. raised its position in shares of Floor & Decor by 0.7% during the 4th 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 lifted its stake in shares of Floor & Decor by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock valued at $341,000 after buying an additional 120 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Floor & Decor by 1.9% in the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock worth $652,000 after buying an additional 122 shares during the period. Finally, Tidal Investments LLC increased its stake in Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after buying an additional 130 shares in the last quarter.

Floor & Decor Trading Up 1.0 %

Shares of NYSE FND traded up $0.76 during midday trading on Monday, hitting $74.82. The company's stock had a trading volume of 1,622,680 shares, compared to its average volume of 2,170,743. The business's 50 day moving average is $79.84 and its two-hundred day moving average is $94.78. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $126.74. 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 firm has a market cap of $8.04 billion, a P/E ratio of 39.39, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 9.80% and a net margin of 4.62%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FND shares. Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Barclays lowered their price target on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a report on Friday. Guggenheim cut their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday. Gordon Haskett lowered shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Evercore ISI reduced their price target on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $94.65.

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.