Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by PineStone Asset Management Inc.

PineStone Asset Management Inc. raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 104,500 shares of the company’s stock after purchasing an additional 7,500 shares during the period. PineStone Asset Management Inc.’s holdings in Floor & Decor were worth $10,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FND. Blue Trust Inc. lifted its stake in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares in the last quarter. Quarry LP purchased a new position in Floor & Decor in the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $74,000. UMB Bank n.a. grew its position in shares of Floor & Decor by 30.8% in the fourth quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $93,000 after purchasing an additional 220 shares in the last quarter. Finally, Trust Co. of Vermont increased its holdings in shares of Floor & Decor by 21.1% in the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock valued at $115,000 after purchasing an additional 200 shares during the last quarter.

Floor & Decor Stock Performance

NYSE FND opened at $97.54 on Friday. 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 company has a market cap of $10.46 billion, a P/E ratio of 54.19, a P/E/G ratio of 11.51 and a beta of 1.83. The stock has a 50-day moving average of $101.25 and a two-hundred day moving average of $105.96. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67.

Analysts Set New Price Targets

A number of research firms have weighed in on FND. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research note on Thursday, January 30th. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $100.00 in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $106.22.

Floor & Decor 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.