Sanctuary Advisors LLC Grows Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Sanctuary Advisors LLC boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,858 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Sanctuary Advisors LLC’s holdings in Floor & Decor were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FND. FMR LLC increased its holdings in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after acquiring an additional 1,291,214 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Floor & Decor by 172.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock valued at $146,037,000 after acquiring an additional 926,208 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Floor & Decor by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after acquiring an additional 223,332 shares during the period. Finally, State Street Corp increased its holdings in shares of Floor & Decor by 6.3% in the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after acquiring an additional 222,980 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Piper Sandler cut their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, February 21st. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Stock Performance

Shares of FND opened at $87.07 on Wednesday. The stock has a 50-day moving average of $98.96 and a two-hundred day moving average of $105.88. Floor & Decor Holdings, Inc. has a one year low of $86.17 and a one year high of $135.67. 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 stock has a market cap of $9.35 billion, a P/E ratio of 45.83, a P/E/G ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.