Handelsbanken Fonder AB Buys 4,800 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Handelsbanken Fonder AB boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,800 shares of the company’s stock after purchasing an additional 4,800 shares during the period. Handelsbanken Fonder AB’s holdings in Floor & Decor were worth $2,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. grew its stake in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the period. Quarry LP purchased a new position in Floor & Decor during the third quarter valued at approximately $34,000. Bank of Jackson Hole Trust purchased a new position in Floor & Decor during the fourth quarter valued at approximately $49,000. Allworth Financial LP boosted its position in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after purchasing an additional 182 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Floor & Decor in the third quarter worth $74,000.

Analysts Set New Price Targets

FND has been the topic of a number of analyst reports. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday. Piper Sandler cut their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $106.68.

Floor & Decor Trading Up 3.5 %

Shares of NYSE FND opened at $97.61 on Tuesday. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The business’s 50 day moving average is $99.42 and its two-hundred day moving average is $106.05. The stock has a market capitalization of $10.47 billion, a P/E ratio of 51.37, a PEG ratio of 19.06 and a beta of 1.83.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.08 billion. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.