Charles Schwab Investment Management Inc. Raises Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Charles Schwab Investment Management Inc. lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.7% in the first quarter, Holdings Channel reports. The fund owned 908,639 shares of the company’s stock after purchasing an additional 48,613 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Floor & Decor were worth $73,118,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FND. First Horizon Advisors Inc. lifted its stake in Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock worth $69,000 after purchasing an additional 255 shares during the last quarter. Signaturefd LLC increased its holdings in Floor & Decor by 18.5% during the first quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $141,000 after buying an additional 273 shares during the period. Forum Financial Management LP purchased a new position in Floor & Decor during the fourth quarter valued at approximately $202,000. CWM LLC increased its holdings in Floor & Decor by 67.6% during the first quarter. CWM LLC now owns 2,105 shares of the company’s stock valued at $169,000 after buying an additional 849 shares during the period. Finally, J.Safra Asset Management Corp increased its holdings in Floor & Decor by 71.9% during the first quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company’s stock valued at $173,000 after buying an additional 897 shares during the period.

Floor & Decor Trading Up 2.8%

NYSE:FND opened at $86.02 on Thursday. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The firm has a fifty day simple moving average of $78.59 and a 200-day simple moving average of $81.65. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $9.26 billion, a P/E ratio of 44.11, a PEG ratio of 3.59 and a beta of 1.68.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FND shares. Mizuho cut their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Evercore ISI cut their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a report on Tuesday, June 24th. Morgan Stanley cut their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Robert W. Baird cut their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a report on Tuesday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $88.56.

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.