Floor & Decor Holdings, Inc. (NYSE:FND) Stake Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 860,026 shares of the company’s stock after purchasing an additional 30,496 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.80% of Floor & Decor worth $85,745,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its holdings in shares of Floor & Decor by 63.9% in the third quarter. Verdence Capital Advisors LLC now owns 4,890 shares of the company’s stock valued at $607,000 after purchasing an additional 1,907 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Floor & Decor by 4.0% in the third quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock valued at $870,000 after purchasing an additional 267 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Floor & Decor by 5.0% in the third quarter. Crossmark Global Holdings Inc. now owns 7,290 shares of the company’s stock valued at $906,000 after purchasing an additional 350 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Floor & Decor by 45.3% in the third quarter. Venturi Wealth Management LLC now owns 3,412 shares of the company’s stock valued at $424,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Floor & Decor in the third quarter valued at $935,000.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $92.90 on Tuesday. The stock has a market cap of $9.98 billion, a P/E ratio of 48.89, a P/E/G ratio of 19.06 and a beta of 1.95. 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 12 month low of $85.86 and a 12 month high of $135.67. The company has a 50 day moving average of $97.98 and a 200 day moving average of $105.38.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $106.68.

About Floor & Decor

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.