Floor & Decor Holdings, Inc. (NYSE:FND) Position Boosted by Xponance Inc.

Xponance Inc. grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,018 shares of the company’s stock after purchasing an additional 190 shares during the period. Xponance Inc.’s holdings in Floor & Decor were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FND. Norges Bank acquired a new position in shares of Floor & Decor in the fourth quarter worth about $38,717,000. Landscape Capital Management L.L.C. boosted its holdings in shares of Floor & Decor by 111.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company’s stock worth $4,978,000 after buying an additional 26,344 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Floor & Decor by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company’s stock worth $255,000 after buying an additional 701 shares during the period. Davidson Kahn Capital Management LLC boosted its holdings in shares of Floor & Decor by 24.0% in the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company’s stock worth $2,446,000 after buying an additional 5,887 shares during the period. Finally, Bridges Investment Management Inc. boosted its holdings in shares of Floor & Decor by 32.5% in the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company’s stock worth $25,800,000 after buying an additional 78,626 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays decreased their target price on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a report on Monday, April 28th. Wall Street Zen cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Loop Capital reduced their price target on shares of Floor & Decor from $95.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company reduced 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 report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $91.19.

Floor & Decor Price Performance

Shares of FND opened at $78.71 on Wednesday. The firm has a market cap of $8.47 billion, a PE ratio of 41.65, a PEG ratio of 2.56 and a beta of 1.70. The firm’s 50 day moving average price is $76.75 and its 200 day moving average price is $84.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.