Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 174.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,988 shares of the company’s stock after purchasing an additional 153,961 shares during the period. Bridges Investment Management Inc. owned 0.23% of Floor & Decor worth $24,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FND. FMR LLC grew its holdings in Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after buying an additional 1,291,214 shares during the period. State Street Corp grew its holdings in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after purchasing an additional 222,980 shares during the period. Wasatch Advisors LP increased its position in Floor & Decor by 3.9% during the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after purchasing an additional 85,299 shares during the last quarter. Geode Capital Management LLC increased its position in Floor & Decor by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after purchasing an additional 24,509 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after purchasing an additional 223,332 shares during the period.

Floor & Decor Price Performance

FND stock opened at $96.64 on Friday. The company has a market capitalization of $10.36 billion, a PE ratio of 50.86, a P/E/G ratio of 19.06 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $99.16 and its two-hundred day moving average is $105.96. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. 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. JPMorgan Chase & Co. raised their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Stifel Nicolaus upgraded 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 report on Monday, February 24th. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and cut their price target for the company from $110.00 to $100.00 in a report on Friday, February 14th. Finally, Piper Sandler decreased their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.