Envestnet Asset Management Inc. Has $22.26 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Envestnet Asset Management Inc. increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,559 shares of the company’s stock after purchasing an additional 13,983 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.26% of Floor & Decor worth $22,255,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Advisory Research Inc. grew its holdings in Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after acquiring an additional 115 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Floor & Decor by 1.9% in the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after purchasing an additional 122 shares during the last quarter. Huntington National Bank boosted its stake in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after purchasing an additional 188 shares during the last quarter. Finally, West Paces Advisors Inc. boosted its stake in shares of Floor & Decor by 5.9% in the 4th quarter. West Paces Advisors Inc. now owns 4,025 shares of the company’s stock valued at $401,000 after purchasing an additional 225 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FND. The Goldman Sachs Group reduced their target price on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research note on Friday, May 2nd. Robert W. Baird cut their price target on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Loop Capital cut their price target on shares of Floor & Decor from $95.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, May 6th. Barclays cut their price target on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $91.19.

Floor & Decor Stock Down 4.3%

Shares of NYSE FND opened at $78.71 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 2.56 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The stock has a 50-day moving average price of $76.75 and a two-hundred day moving average price of $84.25.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.