Bridges Investment Management Inc. Makes New $415,000 Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Bridges Investment Management Inc. acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,171 shares of the company’s stock, valued at approximately $415,000.

A number of other institutional investors also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after buying an additional 169 shares in the last quarter. XTX Topco Ltd purchased a new position in Floor & Decor during the second quarter worth about $1,722,000. XN LP bought a new stake in Floor & Decor in the 2nd quarter worth about $70,177,000. Vanguard Personalized Indexing Management LLC increased its stake in Floor & Decor by 17.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,486 shares of the company’s stock valued at $1,042,000 after buying an additional 1,529 shares during the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Floor & Decor by 95.8% during the 2nd quarter. Virtu Financial LLC now owns 21,846 shares of the company’s stock worth $2,172,000 after buying an additional 10,686 shares in the last quarter.

Floor & Decor Stock Performance

NYSE:FND opened at $119.62 on Friday. The business’s fifty day moving average is $103.88 and its 200 day moving average is $111.00. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.19 and a beta of 1.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67.

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

Analysts Set New Price Targets

A number of brokerages recently commented on FND. Truist Financial decreased their price target on 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. decreased their target price on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lowered their target price on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Guggenheim 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 Friday, August 2nd. Finally, Stifel Nicolaus raised their price objective 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. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus 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.