Townsquare Capital LLC Grows Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Townsquare Capital LLC lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 196.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,413 shares of the company’s stock after purchasing an additional 3,586 shares during the period. Townsquare Capital LLC’s holdings in Floor & Decor were worth $540,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Sanctuary Advisors LLC grew its position in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after buying an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Floor & Decor in the third quarter valued at $74,000. Tidal Investments LLC increased its position in Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after purchasing an additional 130 shares during the period. Retirement Systems of Alabama raised its holdings in Floor & Decor by 20.0% in the 3rd quarter. Retirement Systems of Alabama now owns 158,440 shares of the company’s stock worth $19,673,000 after purchasing an additional 26,362 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after purchasing an additional 30,310 shares in the last quarter.

Analysts Set New Price Targets

FND has been the topic of several research analyst reports. 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 research report on Thursday, January 30th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Evercore ISI lowered their target price on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.56.

Floor & Decor Stock Up 1.6 %

Floor & Decor stock opened at $70.12 on Friday. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 19.06 and a beta of 1.86. 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 Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74. The stock has a fifty day simple moving average of $84.92 and a two-hundred day simple moving average of $97.80.

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