978,458 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 978,458 shares of the company’s stock, valued at approximately $97,552,000. Floor & Decor makes up about 1.1% of Madison Investment Advisors LLC’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its position in Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after acquiring an additional 110 shares in the last quarter. Tidal Investments LLC increased its holdings in Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after purchasing an additional 130 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Floor & Decor by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after purchasing an additional 133 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its holdings in shares of Floor & Decor by 1.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 7,605 shares of the company’s stock worth $758,000 after buying an additional 137 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, February 21st. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Finally, Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and lifted their target price for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Stock Down 0.5 %

Floor & Decor stock opened at $89.42 on Thursday. Floor & Decor Holdings, Inc. has a twelve month low of $85.86 and a twelve month high of $135.67. The company’s 50-day moving average price is $97.64 and its two-hundred day moving average price is $105.14. 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 stock has a market cap of $9.60 billion, a P/E ratio of 47.06, a P/E/G ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping 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 analysts’ expectations of $1.08 billion. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS 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.