EverSource Wealth Advisors LLC Has $86,000 Position in Floor & Decor Holdings, Inc. (NYSE:FND)

EverSource Wealth Advisors LLC lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1,201.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859 shares of the company’s stock after purchasing an additional 793 shares during the period. EverSource Wealth Advisors LLC’s holdings in Floor & Decor were worth $86,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares during the last quarter. Conway Capital Management Inc. bought a new position in shares of Floor & Decor during the 3rd quarter worth approximately $1,090,000. Sanctuary Advisors LLC increased its holdings in shares of Floor & Decor by 7.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after acquiring an additional 180 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Floor & Decor by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock valued at $85,745,000 after acquiring an additional 30,496 shares during the period. Finally, Citigroup Inc. lifted its holdings in Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after purchasing an additional 16,569 shares during the last quarter.

Floor & Decor Trading Down 2.2 %

Shares of Floor & Decor stock opened at $83.97 on Wednesday. The firm’s 50-day moving average price is $96.48 and its two-hundred day moving average price is $104.25. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 19.06 and a beta of 1.95. 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 12-month low of $83.64 and a 12-month high of $135.67.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on FND shares. Piper Sandler dropped their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, February 21st. JPMorgan Chase & Co. increased their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.83.

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.