Swiss National Bank Increases Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Swiss National Bank boosted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,300 shares of the company’s stock after acquiring an additional 1,800 shares during the quarter. Swiss National Bank’s holdings in Floor & Decor were worth $19,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Floor & Decor by 1,201.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company’s stock worth $86,000 after acquiring an additional 793 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Floor & Decor by 16.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,422 shares of the company’s stock worth $2,634,000 after acquiring an additional 3,807 shares during the last quarter. Amundi increased its stake in Floor & Decor by 275.3% during the fourth quarter. Amundi now owns 143,374 shares of the company’s stock worth $13,787,000 after acquiring an additional 105,176 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in Floor & Decor during the fourth quarter worth $874,000. Finally, Raymond James Financial Inc. acquired a new stake in Floor & Decor during the fourth quarter worth $54,640,000.

Analysts Set New Price Targets

FND has been the subject of several recent analyst reports. Piper Sandler cut their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Finally, Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.83.

Floor & Decor Trading Down 2.2 %

NYSE:FND opened at $83.97 on Wednesday. The firm has a market cap of $9.02 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The stock has a fifty day moving average price of $96.48 and a 200 day moving average price of $104.25. Floor & Decor Holdings, Inc. has a 12-month low of $83.64 and a 12-month high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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