AGP Franklin LLC Invests $2.40 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

AGP Franklin LLC bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, HoldingsChannel.com reports. The fund bought 24,048 shares of the company’s stock, valued at approximately $2,398,000. Floor & Decor comprises about 1.5% of AGP Franklin LLC’s holdings, making the stock its 26th largest holding.

A number of other institutional investors have also recently modified their holdings of FND. Vanguard Group Inc. boosted its stake in Floor & Decor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock worth $976,319,000 after purchasing an additional 133,766 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its stake in shares of Floor & Decor by 0.4% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company’s stock worth $178,557,000 after buying an additional 7,329 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after buying an additional 223,332 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock valued at $146,037,000 after buying an additional 926,208 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new stake in shares of Floor & Decor during the fourth quarter valued at approximately $128,797,000.

Floor & Decor Stock Down 2.7 %

Shares of FND stock opened at $73.01 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The company’s fifty day moving average price is $87.31 and its 200-day moving average price is $99.07. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FND shares. Gordon Haskett downgraded Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Evercore ISI lowered their price target on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Piper Sandler lowered their target price on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Finally, Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $100.00 in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.56.

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.