Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Saturna Capital Corp

Saturna Capital Corp raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,960 shares of the company’s stock after buying an additional 900 shares during the period. Saturna Capital Corp’s holdings in Floor & Decor were worth $560,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its position in shares of Floor & Decor by 22.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 595,836 shares of the company’s stock worth $47,947,000 after acquiring an additional 107,574 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Floor & Decor by 83.3% during the first quarter. TimesSquare Capital Management LLC now owns 499,707 shares of the company’s stock worth $40,211,000 after purchasing an additional 227,030 shares during the period. Signaturefd LLC lifted its stake in Floor & Decor by 18.5% in the first quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $141,000 after acquiring an additional 273 shares during the last quarter. MQS Management LLC acquired a new stake in Floor & Decor in the first quarter valued at approximately $245,000. Finally, CWM LLC lifted its stake in Floor & Decor by 67.6% in the first quarter. CWM LLC now owns 2,105 shares of the company’s stock valued at $169,000 after acquiring an additional 849 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Stifel Nicolaus lowered their price target on shares of Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Robert W. Baird lowered their target price on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their price target on shares of Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $91.19.

Floor & Decor Price Performance

NYSE FND opened at $80.05 on Friday. The business has a 50 day simple moving average of $76.95 and a 200 day simple moving average of $84.07. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 2.44 and a beta of 1.70.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.