Tower Research Capital LLC TRC Buys 7,318 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Tower Research Capital LLC TRC grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 339.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,473 shares of the company's stock after buying an additional 7,318 shares during the quarter. Tower Research Capital LLC TRC's holdings in Floor & Decor were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FND. Capital Research Global Investors increased its position in shares of Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares during the period. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after purchasing an additional 133,766 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its position in shares of Floor & Decor by 0.4% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after purchasing an additional 7,329 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after buying an additional 223,332 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after acquiring an additional 926,208 shares in the last quarter.

Floor & Decor Stock Performance

FND stock traded up $1.26 during midday trading on Thursday, hitting $72.70. 1,158,168 shares of the company traded hands, compared to its average volume of 1,715,758. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $126.74. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The business has a 50 day simple moving average of $80.87 and a 200-day simple moving average of $95.54.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company set a $80.00 price target on shares of Floor & Decor in a research note on Friday, April 25th. Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Piper Sandler cut their price target on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Robert W. Baird lowered 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. Finally, Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $101.33.

Floor & Decor 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.