Silvercrest Asset Management Group LLC Acquires 7,165 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Silvercrest Asset Management Group LLC grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,945 shares of the company’s stock after acquiring an additional 7,165 shares during the period. Silvercrest Asset Management Group LLC owned 0.15% of Floor & Decor worth $15,548,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank lifted its position in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after acquiring an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Floor & Decor during the fourth quarter worth $35,000. Blue Trust Inc. lifted its position in shares of Floor & Decor by 59.9% during 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. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor in the fourth quarter worth $49,000. Finally, Allworth Financial LP raised its position in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after buying an additional 182 shares in the last quarter.

Floor & Decor Stock Up 1.4%

FND opened at $79.47 on Friday. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.24. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $76.79 and its 200-day moving average price is $93.02. The company has a market cap of $8.55 billion, a P/E ratio of 41.83, a P/E/G ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FND shares. Mizuho lowered their price objective on Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Evercore ISI lowered their price objective on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Barclays lowered their price objective on Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Piper Sandler lowered their price objective on Floor & Decor from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $93.56.

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.