Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Swiss National Bank

Swiss National Bank increased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,300 shares of the company’s stock after acquiring an additional 1,800 shares during the period. Swiss National Bank owned about 0.19% of Floor & Decor worth $19,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Floor & Decor during the third quarter worth about $34,000. Whipplewood Advisors LLC acquired a new stake in Floor & Decor during the fourth quarter worth about $35,000. Blue Trust Inc. grew its holdings in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares during the period. Bank of Jackson Hole Trust acquired a new stake in Floor & Decor during the fourth quarter worth about $49,000. Finally, Allworth Financial LP grew its holdings in Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after acquiring an additional 182 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on FND shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Piper Sandler lowered their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, Gordon Haskett upgraded 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.83.

Floor & Decor Stock Performance

NYSE FND opened at $83.97 on Wednesday. Floor & Decor Holdings, Inc. has a 1-year low of $83.64 and a 1-year high of $135.67. The company has a market cap of $9.02 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. 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 stock’s 50 day simple moving average is $96.48 and its 200-day simple moving average is $104.25.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.08 billion. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

About Floor & Decor

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.