Allworth Financial LP Grows Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Allworth Financial LP lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 46.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 575 shares of the company’s stock after buying an additional 182 shares during the period. Allworth Financial LP’s holdings in Floor & Decor were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares in the last quarter. Quarry LP purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Floor & Decor during the 3rd quarter valued at approximately $74,000. UMB Bank n.a. lifted its holdings in Floor & Decor by 30.8% in the fourth quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $93,000 after acquiring an additional 220 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in Floor & Decor by 21.1% during the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock worth $115,000 after acquiring an additional 200 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on FND. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research note on Monday. Piper Sandler lowered their target price on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Mizuho lifted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $106.68.

Floor & Decor Stock Up 3.5 %

Shares of Floor & Decor stock opened at $97.61 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a market capitalization of $10.47 billion, a P/E ratio of 51.37, a P/E/G ratio of 19.06 and a beta of 1.83. The company has a 50 day moving average of $99.42 and a 200 day moving average of $106.05.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS 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.