Raymond James & Associates Has $5.52 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Raymond James & Associates raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,229 shares of the company’s stock after buying an additional 24,440 shares during the quarter. Raymond James & Associates owned about 0.07% of Floor & Decor worth $5,517,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Floor & Decor by 49.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 10,278,459 shares of the company’s stock valued at $722,165,000 after purchasing an additional 3,408,017 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Floor & Decor by 2,395.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 688,625 shares of the company’s stock worth $48,383,000 after acquiring an additional 718,625 shares during the last quarter. Timucuan Asset Management Inc. FL increased its holdings in shares of Floor & Decor by 31.2% during the 3rd quarter. Timucuan Asset Management Inc. FL now owns 1,848,835 shares of the company’s stock worth $129,899,000 after acquiring an additional 439,430 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $28,268,000. Finally, WCM Investment Management LLC increased its holdings in shares of Floor & Decor by 6.5% during the 4th quarter. WCM Investment Management LLC now owns 4,598,614 shares of the company’s stock worth $320,201,000 after acquiring an additional 281,141 shares during the last quarter.

Floor & Decor Price Performance

Shares of FND stock opened at $90.57 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.17. Floor & Decor Holdings, Inc. has a twelve month low of $59.91 and a twelve month high of $102.61. The company has a market cap of $9.62 billion, a P/E ratio of 32.70, a P/E/G ratio of 1.56 and a beta of 1.86. The business has a fifty day simple moving average of $94.66 and a 200 day simple moving average of $86.55.

Floor & Decor (NYSE:FND – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Floor & Decor had a return on equity of 18.37% and a net margin of 6.86%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. Floor & Decor’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FND shares. Piper Sandler boosted their target price on Floor & Decor from $66.00 to $86.00 in a report on Wednesday, February 15th. Guggenheim reissued a “buy” rating and set a $100.00 target price on shares of Floor & Decor in a report on Wednesday, March 15th. Gordon Haskett lowered Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday, February 10th. Citigroup decreased their price objective on Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. Finally, Telsey Advisory Group decreased their price objective on Floor & Decor from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $92.00.

Insider Buying and Selling

In other Floor & Decor news, Director Richard L. Sullivan sold 1,734 shares of the stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total value of $159,423.96. Following the completion of the transaction, the director now directly owns 9,189 shares in the company, valued at $844,836.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Richard L. Sullivan sold 1,734 shares of Floor & Decor stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total transaction of $159,423.96. Following the sale, the director now directly owns 9,189 shares of the company’s stock, valued at $844,836.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total value of $368,000.00. Following the sale, the executive vice president now directly owns 56,527 shares in the company, valued at $5,200,484. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

About Floor & Decor

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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.