Vanguard Group Inc. Has $976.32 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Vanguard Group Inc. increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,792,571 shares of the company’s stock after purchasing an additional 133,766 shares during the quarter. Vanguard Group Inc. owned approximately 9.13% of Floor & Decor worth $976,319,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Citigroup Inc. increased its holdings in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after purchasing an additional 16,569 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Floor & Decor by 66.2% during the third quarter. Cerity Partners LLC now owns 4,377 shares of the company’s stock worth $543,000 after purchasing an additional 1,744 shares during the period. FMR LLC grew its stake in shares of Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Floor & Decor by 16.9% in the third quarter. BNP Paribas Financial Markets now owns 22,569 shares of the company’s stock valued at $2,802,000 after acquiring an additional 3,268 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of Floor & Decor during the third quarter worth $227,000.

Floor & Decor Stock Performance

Floor & Decor stock opened at $80.44 on Friday. The company has a market cap of $8.64 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a twelve month low of $80.25 and a twelve month high of $129.79. 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’s 50-day moving average price is $94.33 and its 200-day moving average price is $102.94.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share 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 analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FND has been the topic of a number of research reports. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. 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 report on Thursday, January 30th. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Finally, Piper Sandler reduced their target price on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.11.

About Floor & Decor

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.