Equitable Trust Co. Increases Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Equitable Trust Co. grew its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 72.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,991 shares of the company’s stock after purchasing an additional 2,092 shares during the period. Equitable Trust Co.’s holdings in Floor & Decor were worth $498,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FND. Live Oak Private Wealth LLC increased its position in Floor & Decor by 0.8% in the fourth quarter. Live Oak Private Wealth LLC now owns 50,841 shares of the company’s stock worth $5,069,000 after purchasing an additional 393 shares during the last quarter. Chicago Capital LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth about $405,000. Vantage Investment Partners LLC raised its position in shares of Floor & Decor by 1.3% during the 4th quarter. Vantage Investment Partners LLC now owns 232,237 shares of the company’s stock valued at $23,154,000 after buying an additional 3,027 shares in the last quarter. KBC Group NV lifted its holdings in shares of Floor & Decor by 51.8% in the 4th quarter. KBC Group NV now owns 4,288 shares of the company’s stock valued at $428,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the topic of a number of recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a research report on Monday, November 11th. Stifel Nicolaus increased their price target on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. 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. Finally, Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $105.67.

Floor & Decor Stock Down 2.1 %

Shares of NYSE:FND opened at $96.96 on Wednesday. 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’s 50 day moving average is $101.94 and its 200 day moving average is $106.09. The stock has a market cap of $10.40 billion, a P/E ratio of 53.87, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67.

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.