Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Increased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 103.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,772 shares of the company’s stock after acquiring an additional 1,410 shares during the period. Jones Financial Companies Lllp’s holdings in Floor & Decor were worth $276,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares in the last quarter. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor in the 3rd quarter worth $1,090,000. Sanctuary Advisors LLC raised its stake in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after buying an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after buying an additional 12,109 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after buying an additional 16,569 shares in the last quarter.

Floor & Decor Stock Performance

Shares of FND stock opened at $89.42 on Thursday. The stock’s fifty day simple moving average is $97.64 and its 200-day simple moving average is $105.14. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1-year low of $85.86 and a 1-year high of $135.67. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 47.06, a P/E/G ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on FND shares. JPMorgan Chase & Co. boosted their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Friday, February 21st. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, February 21st. Finally, Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $106.68.

Floor & Decor 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.