Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 118.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,950 shares of the company’s stock after buying an additional 4,317 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Floor & Decor were worth $987,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FND. Blue Trust Inc. increased its holdings in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the period. Chris Bulman Inc purchased a new position in Floor & Decor during the 2nd quarter worth $30,000. J.Safra Asset Management Corp increased its stake in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the period. GAMMA Investing LLC raised its holdings in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after buying an additional 196 shares during the period.

Wall Street Analyst Weigh In

FND has been the subject of several analyst reports. Guggenheim reduced their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Mizuho lifted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $104.37.

Floor & Decor Price Performance

NYSE:FND opened at $112.04 on Friday. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 62.24, a price-to-earnings-growth ratio of 13.98 and a beta of 1.83. The company’s 50-day moving average is $110.09 and its two-hundred day moving average is $108.15. 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 released its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company earned $0.61 EPS. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.