Handelsbanken Fonder AB Purchases 4,800 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Handelsbanken Fonder AB raised its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,800 shares of the company’s stock after purchasing an additional 4,800 shares during the period. Handelsbanken Fonder AB’s holdings in Floor & Decor were worth $2,871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FND. Blue Trust Inc. increased its stake in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the period. Quarry LP bought a new position in Floor & Decor during the 3rd quarter worth about $34,000. Bank of Jackson Hole Trust purchased a new position in Floor & Decor during the 4th quarter valued at about $49,000. Allworth Financial LP increased its position in Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after purchasing an additional 182 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Floor & Decor in the 3rd quarter valued at about $74,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FND shares. Wells Fargo & Company increased their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Piper Sandler dropped their target price 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. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Friday. Finally, Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $106.68.

Floor & Decor Trading Up 3.5 %

NYSE:FND opened at $97.61 on Tuesday. The company has a market capitalization of $10.47 billion, a P/E ratio of 51.37, a PEG ratio of 19.06 and a beta of 1.83. 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 12 month low of $89.06 and a 12 month high of $135.67. The firm has a fifty day simple moving average of $99.42 and a 200-day simple moving average of $106.05.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.