EverSource Wealth Advisors LLC Acquires 793 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

EverSource Wealth Advisors LLC raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1,201.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 859 shares of the company’s stock after acquiring an additional 793 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Floor & Decor were worth $86,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP bought a new position in shares of Floor & Decor in the 3rd quarter worth $34,000. Whipplewood Advisors LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth about $35,000. Blue Trust Inc. increased its stake in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after acquiring an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $49,000. Finally, Proficio Capital Partners LLC bought a new position in Floor & Decor during the 4th quarter worth approximately $49,000.

Analyst Ratings Changes

FND has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $110.00 in a report on Monday, February 24th. 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 report on Wednesday, January 8th. Finally, Piper Sandler cut their price objective on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $104.83.

Floor & Decor Stock Down 2.2 %

Floor & Decor stock opened at $83.97 on Wednesday. The company has a fifty day simple moving average of $96.48 and a 200 day simple moving average of $104.25. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. 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 P/E ratio of 44.19, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95.

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