Oppenheimer & Co. Inc. Purchases 353 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Oppenheimer & Co. Inc. increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,978 shares of the company’s stock after purchasing an additional 353 shares during the period. Oppenheimer & Co. Inc.’s holdings in Floor & Decor were worth $3,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FND. Polen Capital Management LLC lifted its stake in shares of Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after buying an additional 25,141,795 shares during the period. Capital Research Global Investors grew its stake in Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after purchasing an additional 1,334,650 shares during the last quarter. Capital World Investors raised its stake in shares of Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after purchasing an additional 627,256 shares during the last quarter. Norges Bank acquired a new stake in shares of Floor & Decor during the fourth quarter worth about $39,315,000. Finally, Vanguard Group Inc. boosted its position in Floor & Decor by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock valued at $1,077,530,000 after buying an additional 300,506 shares during the last quarter.

Floor & Decor Stock Performance

FND opened at $113.92 on Monday. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 55.03, a PEG ratio of 2.19 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The firm’s fifty day simple moving average is $101.32 and its two-hundred day simple moving average is $111.04.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of recent research reports. Truist Financial reduced their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reduced their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Guggenheim lowered their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. TD Cowen reduced their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Finally, Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $103.84.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.