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

Oppenheimer & Co. Inc. boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,165 shares of the company’s stock after purchasing an additional 1,603 shares during the period. Oppenheimer & Co. Inc.’s holdings in Floor & Decor were worth $3,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FND. Quarry LP acquired a new stake in shares of Floor & Decor during the third quarter worth approximately $34,000. Blue Trust Inc. boosted its stake in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth about $35,000. Bank of Jackson Hole Trust bought a new stake in shares of Floor & Decor in the 4th quarter worth about $49,000. Finally, Allworth Financial LP raised its stake in shares of Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after purchasing an additional 182 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of research reports. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a report on Thursday, January 30th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, February 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. Finally, Piper Sandler dropped their target price on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Stock Performance

FND opened at $96.64 on Friday. 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 is $99.16 and its 200-day moving average is $105.96. The stock has a market cap of $10.36 billion, a PE ratio of 50.86, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last announced 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.