Massachusetts Financial Services Co. MA Grows Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Massachusetts Financial Services Co. MA boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 221.6% during the third quarter, Holdings Channel reports. The institutional investor owned 483,752 shares of the company’s stock after buying an additional 333,338 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Floor & Decor were worth $60,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chris Bulman Inc acquired a new position in Floor & Decor during the second quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares during the last quarter. GAMMA Investing LLC grew its position in Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after acquiring an additional 189 shares during the period. Finally, UMB Bank n.a. increased its stake in Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after acquiring an additional 196 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on FND shares. Guggenheim decreased their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th. Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Finally, Piper Sandler reduced their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Trading Up 4.7 %

NYSE FND opened at $112.00 on Monday. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 62.22, a price-to-earnings-growth ratio of 13.98 and a beta of 1.83. 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 12 month low of $89.06 and a 12 month high of $135.67. The company’s fifty day moving average price is $110.06 and its two-hundred day moving average price is $108.00.

Floor & Decor (NYSE:FND) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.