Xponance Inc. Buys 882 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Xponance Inc. grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,828 shares of the company’s stock after purchasing an additional 882 shares during the period. Xponance Inc.’s holdings in Floor & Decor were worth $1,578,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Polen Capital Management LLC boosted its stake in shares of Floor & Decor by 34.9% in the 4th quarter. Polen Capital Management LLC now owns 9,800 shares of the company’s stock worth $977,000 after buying an additional 2,534 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Floor & Decor in the 4th quarter worth approximately $97,552,000. Swiss National Bank boosted its stake in shares of Floor & Decor by 0.9% in the 4th quarter. Swiss National Bank now owns 200,300 shares of the company’s stock worth $19,970,000 after buying an additional 1,800 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Floor & Decor by 1,201.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company’s stock worth $86,000 after buying an additional 793 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. Finally, Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus price target of $104.83.

Floor & Decor Trading Up 0.3 %

Shares of FND stock opened at $84.23 on Friday. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a 1 year low of $80.82 and a 1 year high of $131.85. The company’s fifty day simple moving average is $95.76 and its two-hundred day simple moving average is $103.73. 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 (NYSE:FND) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

About Floor & Decor

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.