Proficio Capital Partners LLC Buys New Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, Holdings Channel reports. The firm bought 48,853 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Floor & Decor in the third quarter worth about $34,000. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth about $35,000. Blue Trust Inc. lifted its stake 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 period. Bank of Jackson Hole Trust bought a new position in shares of Floor & Decor in the fourth quarter valued at approximately $49,000. Finally, Allworth Financial LP increased its stake in shares of Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after acquiring an additional 182 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on FND. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, February 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a report on Friday, February 21st. Finally, Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and a consensus target price of $104.11.

Floor & Decor Stock Performance

NYSE:FND opened at $80.44 on Friday. The stock has a 50 day simple moving average of $94.33 and a 200 day simple moving average of $102.94. The stock has a market cap of $8.64 billion, a P/E ratio of 42.34, a PEG ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a 1-year low of $80.25 and a 1-year high of $129.79. 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 (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current 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.