Massachusetts Financial Services Co. MA Acquires Shares of 150,414 Floor & Decor Holdings, Inc. (NYSE:FND)

Massachusetts Financial Services Co. MA bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 150,414 shares of the company’s stock, valued at approximately $14,953,000. Massachusetts Financial Services Co. MA owned approximately 0.14% of Floor & Decor at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FND. Polen Capital Management LLC lifted its holdings in Floor & Decor by 59,133.5% in the 4th 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 in the last quarter. Capital Research Global Investors lifted its stake in shares of Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after acquiring an additional 1,334,650 shares in the last quarter. Capital World Investors boosted its holdings in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after purchasing an additional 627,256 shares during the last quarter. Norges Bank acquired a new stake in Floor & Decor during the 4th quarter valued at approximately $39,315,000. Finally, Vanguard Group Inc. increased its holdings in Floor & Decor by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after purchasing an additional 300,506 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Stifel Nicolaus upped their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Guggenheim decreased their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Truist Financial cut their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, 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. Two investment 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.84.

Floor & Decor Price Performance

NYSE FND opened at $119.62 on Friday. The company has a 50-day moving average price of $103.38 and a two-hundred day moving average price of $111.09. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 57.79, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10.

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

Floor & Decor 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.