Lisanti Capital Growth LLC Invests $874,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Lisanti Capital Growth LLC bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,770 shares of the company’s stock, valued at approximately $874,000.

Other large investors have also made changes to their positions in the company. Quarry LP bought a new stake in Floor & Decor during the 3rd quarter worth about $34,000. Whipplewood Advisors LLC bought a new stake in Floor & Decor during the 4th quarter worth about $35,000. Blue Trust Inc. grew its holdings in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Floor & Decor during the 4th quarter worth about $49,000. Finally, Allworth Financial LP grew its holdings in Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after acquiring an additional 182 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a report on Thursday, January 30th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Gordon Haskett raised shares of 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. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Finally, Wedbush lowered shares of 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 equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $106.68.

Floor & Decor Stock Performance

Shares of NYSE:FND opened at $91.18 on Friday. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 47.99, a P/E/G ratio of 19.06 and a beta of 1.95. The firm’s 50 day simple moving average is $98.15 and its 200 day simple moving average is $105.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a fifty-two week low of $85.86 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, sell-side 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.