Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,811 shares of the company’s stock after purchasing an additional 523 shares during the period. KBC Group NV’s holdings in Floor & Decor were worth $387,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Huntington National Bank lifted its position in shares of 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 purchasing an additional 188 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Floor & Decor by 1,201.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company’s stock valued at $86,000 after acquiring an additional 793 shares during the period. Smartleaf Asset Management LLC grew its position in Floor & Decor by 38.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,563 shares of the company’s stock worth $156,000 after buying an additional 431 shares during the last quarter. Forum Financial Management LP acquired a new position in Floor & Decor in the fourth quarter worth approximately $202,000. Finally, Cache Advisors LLC acquired a new position in Floor & Decor in the fourth quarter worth approximately $219,000.

Floor & Decor Stock Performance

FND stock opened at $82.07 on Friday. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 2.55 and a beta of 1.70. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68. The business’s fifty day simple moving average is $75.43 and its two-hundred day simple moving average is $85.26.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. Analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their target price 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. Loop Capital dropped their target price on shares of Floor & Decor from $95.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, May 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Guggenheim reduced their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Barclays reduced their price target on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $93.00.

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.