KBC Group NV Boosts Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

KBC Group NV lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,288 shares of the company’s stock after buying an additional 1,463 shares during the period. KBC Group NV’s holdings in Floor & Decor were worth $428,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FND. CIBC Asset Management Inc raised its stake in shares of Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after acquiring an additional 110 shares in the last quarter. Tidal Investments LLC raised its position in Floor & Decor by 2.0% in 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 during the period. Silver Coast Investments LLC lifted its stake in Floor & Decor by 5.1% in the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after purchasing an additional 150 shares during the last quarter. Blue Trust Inc. boosted its position in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after buying an additional 166 shares during the period. Finally, King Luther Capital Management Corp grew its stake in shares of Floor & Decor by 1.6% during the third quarter. King Luther Capital Management Corp now owns 11,160 shares of the company’s stock valued at $1,386,000 after buying an additional 173 shares during the last quarter.

Floor & Decor Stock Down 3.3 %

NYSE:FND opened at $100.05 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm’s 50-day moving average price is $103.88 and its 200-day moving average price is $105.77. The company has a market capitalization of $10.73 billion, a PE ratio of 55.58, a P/E/G ratio of 11.31 and a beta of 1.84. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FND. Stifel Nicolaus raised their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Mizuho upped their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $104.67.

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.