Amalgamated Bank Acquires 156 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Amalgamated Bank boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,679 shares of the company’s stock after buying an additional 156 shares during the period. Amalgamated Bank’s holdings in Floor & Decor were worth $5,152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FND. Blue Trust Inc. boosted its position in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the last quarter. Private Advisor Group LLC acquired a new position in Floor & Decor in the third quarter valued at about $208,000. International Assets Investment Management LLC lifted its stake in Floor & Decor by 63,243.2% in the third quarter. International Assets Investment Management LLC now owns 93,748 shares of the company’s stock valued at $11,641,000 after buying an additional 93,600 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Floor & Decor by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,400 shares of the company’s stock valued at $1,539,000 after acquiring an additional 840 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Floor & Decor by 17.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,549 shares of the company’s stock valued at $317,000 after buying an additional 386 shares during the period.

Floor & Decor Trading Down 5.7 %

FND opened at $96.56 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 50.82, a P/E/G ratio of 19.06 and a beta of 1.83. The company has a 50-day simple moving average of $99.25 and a 200 day simple moving average of $105.96.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FND shares. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, February 21st. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Piper Sandler decreased their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average price target of $106.68.

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.