Rafferty Asset Management LLC Boosts Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Rafferty Asset Management LLC raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,591 shares of the company’s stock after purchasing an additional 6,859 shares during the period. Rafferty Asset Management LLC’s holdings in Floor & Decor were worth $3,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after buying an additional 100 shares in the last quarter. Advisory Research Inc. raised its holdings in shares of Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after acquiring an additional 115 shares in the last quarter. Corient Private Wealth LLC raised its holdings 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 valued at $341,000 after acquiring an additional 120 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after acquiring an additional 122 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Floor & Decor by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after acquiring an additional 133 shares during the last quarter.

Floor & Decor Stock Performance

NYSE:FND opened at $79.47 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.24. The firm has a market cap of $8.55 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The business has a 50 day moving average price of $76.79 and a 200-day moving average price of $92.95.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on FND. Wells Fargo & Company decreased their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Barclays decreased their price target on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a report on Friday, May 2nd. Loop Capital cut their target price on shares of Floor & Decor from $95.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, May 6th. Finally, Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.56.

Floor & Decor Company 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.