American Century Companies Inc. Buys 47,242 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

American Century Companies Inc. increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 386,284 shares of the company’s stock after acquiring an additional 47,242 shares during the quarter. American Century Companies Inc. owned about 0.36% of Floor & Decor worth $38,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Riverview Trust Co purchased a new position in shares of Floor & Decor in the 1st quarter worth $26,000. Chris Bulman Inc purchased a new position in shares of Floor & Decor in the 2nd quarter worth $30,000. Rise Advisors LLC purchased a new position in shares of Floor & Decor in the 1st quarter worth $39,000. J.Safra Asset Management Corp grew its stake in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on FND. Truist Financial dropped their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Robert W. Baird lowered their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, August 2nd. Stifel Nicolaus raised their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Piper Sandler lowered their target price on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.84.

Floor & Decor Stock Up 0.8 %

Shares of Floor & Decor stock opened at $117.56 on Wednesday. The firm’s 50 day moving average price is $101.81 and its 200-day moving average price is $111.01. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market cap of $12.58 billion, a P/E ratio of 56.79, a PEG ratio of 2.19 and a beta of 1.79.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm 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 quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current fiscal year.

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.