Raymond James Financial Inc. Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Raymond James Financial Inc. bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 548,042 shares of the company’s stock, valued at approximately $54,640,000. Raymond James Financial Inc. owned about 0.51% of Floor & Decor as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Verdence Capital Advisors LLC increased its stake in Floor & Decor by 63.9% in the third quarter. Verdence Capital Advisors LLC now owns 4,890 shares of the company’s stock valued at $607,000 after acquiring an additional 1,907 shares during the last quarter. Atria Investments Inc lifted its holdings in Floor & Decor by 4.0% in the third quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock worth $870,000 after buying an additional 267 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Floor & Decor by 5.0% in the third quarter. Crossmark Global Holdings Inc. now owns 7,290 shares of the company’s stock worth $906,000 after buying an additional 350 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Floor & Decor by 45.3% during the third quarter. Venturi Wealth Management LLC now owns 3,412 shares of the company’s stock valued at $424,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Floor & Decor during the third quarter valued at approximately $935,000.

Analyst Upgrades and Downgrades

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

Floor & Decor Stock Up 1.9 %

Shares of Floor & Decor stock opened at $92.90 on Tuesday. The firm has a fifty day moving average of $97.98 and a two-hundred day moving average of $105.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a market cap of $9.98 billion, a P/E ratio of 48.89, a PEG ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a one year low of $85.86 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last posted 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 net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor 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.