Lazard Asset Management LLC Boosts Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Lazard Asset Management LLC increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) by 6.2% in the second quarter, HoldingsChannel.com reports. The fund owned 11,668 shares of the company’s stock after acquiring an additional 686 shares during the period. Lazard Asset Management LLC’s holdings in Floor & Decor were worth $734,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FND. CWM LLC lifted its position in shares of Floor & Decor by 61.9% in the 2nd quarter. CWM LLC now owns 434 shares of the company’s stock worth $27,000 after purchasing an additional 166 shares during the period. Boston Partners bought a new position in Floor & Decor in the first quarter worth about $31,000. SJS Investment Consulting Inc. purchased a new stake in Floor & Decor in the first quarter worth about $32,000. Ellevest Inc. grew its holdings in shares of Floor & Decor by 44.4% during the 2nd quarter. Ellevest Inc. now owns 891 shares of the company’s stock worth $56,000 after acquiring an additional 274 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Floor & Decor in the 1st quarter worth approximately $57,000.

Floor & Decor Trading Down 2.3 %

Shares of NYSE:FND opened at $72.90 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. Floor & Decor Holdings, Inc. has a 52-week low of $59.91 and a 52-week high of $134.95. The business has a 50-day moving average price of $73.10 and a 200-day moving average price of $75.55. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 1.20 and a beta of 1.76.

Floor & Decor (NYSE:FNDGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 18.96% and a net margin of 6.75%. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FND shares. Guggenheim dropped their price target on Floor & Decor to $90.00 in a research report on Tuesday, November 1st. Morgan Stanley reduced their target price on shares of Floor & Decor from $100.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, November 4th. Telsey Advisory Group lowered their price target on shares of Floor & Decor from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. Citigroup dropped their price objective on shares of Floor & Decor from $112.00 to $89.00 in a research note on Monday, October 31st. Finally, Piper Sandler lowered their price target on Floor & Decor from $80.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.86.

About Floor & Decor

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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