Focus Partners Wealth Takes $2.37 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Focus Partners Wealth purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,748 shares of the company's stock, valued at approximately $2,368,000.

Several other hedge funds have also recently bought and sold shares of the stock. Huntington National Bank raised its stake in shares of Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after acquiring an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Floor & Decor during the 4th quarter worth approximately $35,000. Blue Trust Inc. increased its holdings in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Floor & Decor in the 4th quarter valued at $49,000. Finally, Proficio Capital Partners LLC bought a new position in Floor & Decor in the 4th quarter valued at $49,000.

Floor & Decor Trading Down 2.7%

NYSE:FND traded down $2.18 during mid-day trading on Wednesday, hitting $77.05. The company had a trading volume of 311,764 shares, compared to its average volume of 2,175,229. 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 Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.24. The firm has a market cap of $8.29 billion, a P/E ratio of 40.54, a P/E/G 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.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results 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 for 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%. Floor & Decor's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wedbush cut shares of 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. JPMorgan Chase & Co. upped their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Guggenheim lowered their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and an average price target of $93.56.

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.