Sovran Advisors LLC Acquires Shares of 5,035 Floor & Decor Holdings, Inc. (NYSE:FND)

Sovran Advisors LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,035 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in Floor & Decor in the third quarter valued at $34,000. Blue Trust Inc. increased its position in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Floor & Decor in the 3rd quarter valued at about $74,000. UMB Bank n.a. lifted its position in shares of Floor & Decor by 30.8% during the fourth quarter. UMB Bank n.a. now owns 935 shares of the company’s stock worth $93,000 after purchasing an additional 220 shares during the last quarter. Finally, Trust Co. of Vermont grew its stake in Floor & Decor by 21.1% in the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares in the last quarter.

Floor & Decor Stock Down 1.5 %

FND opened at $95.72 on Thursday. The stock’s 50 day moving average price is $101.69 and its 200 day moving average price is $106.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market cap of $10.26 billion, a P/E ratio of 53.18, a P/E/G ratio of 11.51 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FND shares. Stifel Nicolaus upped their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Mizuho increased their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Piper Sandler decreased their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Two 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. According to MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average price target of $105.67.

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.