Renaissance Technologies LLC Purchases Shares of 12,400 Floor & Decor Holdings, Inc. (NYSE:FND)

Renaissance Technologies LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,400 shares of the company’s stock, valued at approximately $1,236,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank raised its position in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after acquiring an additional 188 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $35,000. Blue Trust Inc. raised its stake in shares of Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after buying an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Floor & Decor in the fourth quarter valued at approximately $49,000. Finally, Proficio Capital Partners LLC bought a new position in Floor & Decor in the fourth quarter valued at approximately $49,000.

Floor & Decor Stock Up 0.1 %

Shares of FND stock opened at $72.60 on Wednesday. The firm’s fifty day moving average price is $81.33 and its two-hundred day moving average price is $95.71. 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 1 year low of $66.01 and a 1 year high of $126.74. The firm has a market capitalization of $7.80 billion, a P/E ratio of 38.21, a PEG ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last released its 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. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FND. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Wells Fargo & Company set a $80.00 target price on Floor & Decor in a research report on Friday. Piper Sandler cut their price target on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Robert W. Baird decreased their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a report on Monday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.33.

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.