Floor & Decor Holdings, Inc. (NYSE:FND) Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,790,433 shares of the company’s stock after acquiring an additional 153 shares during the quarter. Geode Capital Management LLC’s holdings in Floor & Decor were worth $178,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Quarry LP bought a new position in Floor & Decor during the 3rd quarter worth $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Floor & Decor in the 4th quarter worth about $35,000. Blue Trust Inc. lifted its position in Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Floor & Decor during the 4th quarter valued at about $49,000. Finally, Proficio Capital Partners LLC bought a new position in Floor & Decor in the 4th quarter worth about $49,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FND. Evercore ISI reduced their price objective on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Gordon Haskett downgraded shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research note on Thursday, January 30th. Finally, Piper Sandler reduced their price target on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $103.56.

Floor & Decor Trading Up 1.8 %

Shares of NYSE FND opened at $71.55 on Monday. The business has a fifty day simple moving average of $91.82 and a 200-day simple moving average of $101.55. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 37.66, a P/E/G ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74.

Floor & Decor (NYSE:FND) last released its quarterly earnings results 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. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Floor & Decor 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.