Proficio Capital Partners LLC Makes New $49,000 Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Proficio Capital Partners LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 48,853 shares of the company’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after purchasing an additional 333,338 shares during the last quarter. Conway Capital Management Inc. acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $1,090,000. Sanctuary Advisors LLC raised its holdings in shares of Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after buying an additional 180 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Floor & Decor by 1.5% during the third 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 during the period. Finally, Citigroup Inc. grew its holdings in 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 Down 4.9 %

Shares of Floor & Decor stock opened at $84.99 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12-month low of $84.07 and a 12-month high of $135.67. The firm has a market capitalization of $9.13 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The stock’s fifty day moving average is $97.44 and its 200-day moving average is $105.03.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a report on Thursday, January 30th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Gordon Haskett upgraded 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 report on Friday, February 21st. Finally, Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Company 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.