NZS Capital LLC Has $22.75 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

NZS Capital LLC increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,160 shares of the company's stock after purchasing an additional 54,327 shares during the period. NZS Capital LLC owned 0.21% of Floor & Decor worth $22,748,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings 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 buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth $35,000. Blue Trust Inc. grew its holdings in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Floor & Decor during the fourth quarter worth $49,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Floor & Decor during the fourth quarter valued at $49,000.

Floor & Decor Stock Up 4.4 %

FND stock traded up $3.16 during trading hours on Friday, hitting $75.41. The company's stock had a trading volume of 4,492,879 shares, compared to its average volume of 1,736,646. The company has a market capitalization of $8.10 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The stock has a 50 day moving average price of $80.36 and a two-hundred day moving average price of $95.27. 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 Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.45 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

FND has been the topic of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a report on Monday. Robert W. Baird dropped their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday. Evercore ISI reduced their price target on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. The Goldman Sachs Group cut their target price on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday. Finally, Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $97.06.

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.