Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Increased by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,282 shares of the company’s stock after buying an additional 755 shares during the quarter. Cetera Investment Advisers’ holdings in Floor & Decor were worth $1,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Machina Capital S.A.S. bought a new stake in Floor & Decor in the first quarter valued at about $296,000. Madison Asset Management LLC increased its holdings in Floor & Decor by 8.7% in the first quarter. Madison Asset Management LLC now owns 1,063,511 shares of the company’s stock valued at $85,581,000 after buying an additional 85,053 shares during the last quarter. Oak Thistle LLC increased its holdings in Floor & Decor by 310.4% in the first quarter. Oak Thistle LLC now owns 12,694 shares of the company’s stock valued at $1,021,000 after buying an additional 9,601 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Floor & Decor in the first quarter valued at about $1,144,000. Finally, Buckhead Capital Management LLC increased its holdings in Floor & Decor by 32.4% in the first quarter. Buckhead Capital Management LLC now owns 3,640 shares of the company’s stock valued at $293,000 after buying an additional 890 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Piper Sandler lowered their target price on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Stifel Nicolaus lowered their target price on Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Mizuho lowered their target price on Floor & Decor from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.56.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $79.56 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $77.96 and a 200-day simple moving average of $82.06. The company has a market cap of $8.57 billion, a PE ratio of 40.80, a P/E/G ratio of 3.41 and a beta of 1.68. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.