Northern Trust Corp Grows Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Northern Trust Corp increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 944,933 shares of the company's stock after buying an additional 162,030 shares during the period. Northern Trust Corp owned about 0.88% of Floor & Decor worth $94,210,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FND. Huntington National Bank increased its holdings in Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Floor & Decor in the 4th quarter worth about $35,000. Blue Trust Inc. raised its position in shares of Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Floor & Decor during the 4th quarter valued at $49,000. Finally, Proficio Capital Partners LLC bought a new stake in Floor & Decor during the 4th quarter worth approximately $49,000.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price target 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. Mizuho dropped their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Robert W. Baird cut their price objective on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. raised their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Floor & Decor currently has an average rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Trading Up 0.4 %

Shares of NYSE FND traded up $0.33 during midday trading on Friday, reaching $75.52. 1,776,871 shares of the stock were exchanged, compared to its average volume of 1,755,327. The company has a market capitalization of $8.11 billion, a P/E ratio of 39.75, a P/E/G ratio of 19.06 and a beta of 1.79. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74. The stock has a 50 day moving average price of $78.00 and a 200-day moving average price of $94.02.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.