Massachusetts Financial Services Co. MA Increases Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Massachusetts Financial Services Co. MA increased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 488,262 shares of the company’s stock after acquiring an additional 4,510 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Floor & Decor were worth $48,680,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in shares of Floor & Decor by 66.2% in the 3rd quarter. Cerity Partners LLC now owns 4,377 shares of the company’s stock valued at $543,000 after acquiring an additional 1,744 shares during the last quarter. Townsquare Capital LLC bought a new stake in Floor & Decor in the third quarter valued at approximately $227,000. Verition Fund Management LLC purchased a new stake in Floor & Decor during the 3rd quarter valued at $1,473,000. Benjamin Edwards Inc. boosted its holdings in shares of Floor & Decor by 277.8% during the third quarter. Benjamin Edwards Inc. now owns 3,230 shares of the company’s stock worth $401,000 after purchasing an additional 2,375 shares during the period. Finally, IHT Wealth Management LLC purchased a new stake in Floor & Decor in the 3rd quarter worth approximately $206,000.

Floor & Decor Trading Up 1.8 %

Floor & Decor stock opened at $71.55 on Friday. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74. The company has a market cap of $7.68 billion, a P/E ratio of 37.66, a P/E/G ratio of 19.06 and a beta of 1.86. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $91.82 and a two-hundred day simple moving average of $101.66.

Floor & Decor (NYSE:FND) last released its earnings results 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 for the quarter, compared to the consensus estimate of $1.08 billion. Analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on FND shares. Telsey Advisory Group restated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Gordon Haskett lowered Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their target price for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, Piper Sandler lowered their price target on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.