Floor & Decor Holdings, Inc. $FND Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,870 shares of the company’s stock after buying an additional 56,870 shares during the period. Envestnet Asset Management Inc. owned about 0.31% of Floor & Decor worth $24,901,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MainStreet Investment Advisors LLC increased its stake in shares of Floor & Decor by 4.7% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock worth $271,000 after purchasing an additional 160 shares in the last quarter. AlphaQuest LLC increased its position in Floor & Decor by 27.2% during the third quarter. AlphaQuest LLC now owns 805 shares of the company’s stock worth $59,000 after buying an additional 172 shares in the last quarter. Bank of Jackson Hole Trust increased its position in Floor & Decor by 37.7% during the third quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock worth $50,000 after buying an additional 186 shares in the last quarter. Saturna Capital Corp raised its holdings in shares of Floor & Decor by 2.7% in the second quarter. Saturna Capital Corp now owns 7,150 shares of the company’s stock worth $543,000 after acquiring an additional 190 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Floor & Decor by 0.8% in the second quarter. State of Michigan Retirement System now owns 25,900 shares of the company’s stock valued at $1,967,000 after acquiring an additional 200 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on FND. Stifel Nicolaus reduced their target price on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Evercore reduced their price objective on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. UBS Group lowered their target price on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Barclays reduced their price target on Floor & Decor from $78.00 to $70.00 and set a “positive” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Floor & Decor in a research report on Wednesday, January 28th. Seven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $82.84.

Floor & Decor Stock Up 0.5%

Shares of FND opened at $69.30 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $55.11 and a fifty-two week high of $103.87. The company’s fifty day moving average is $67.07 and its two-hundred day moving average is $71.68. The firm has a market cap of $7.47 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.67 and a beta of 1.74. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.