Equitable Trust Co. Purchases 2,092 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Equitable Trust Co. increased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 72.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,991 shares of the company’s stock after acquiring an additional 2,092 shares during the period. Equitable Trust Co.’s holdings in Floor & Decor were worth $498,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FND. Conway Capital Management Inc. purchased a new position in shares of Floor & Decor in the third quarter worth $1,090,000. Massachusetts Financial Services Co. MA increased its holdings in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares in the last quarter. Sanctuary Advisors LLC raised its position in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after buying an additional 180 shares during the last quarter. Citigroup Inc. lifted its stake in Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after acquiring an additional 16,569 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Floor & Decor by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after acquiring an additional 12,109 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FND shares. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday. Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.67.

Floor & Decor Stock Performance

FND opened at $96.96 on Wednesday. The company has a 50 day simple moving average of $101.94 and a two-hundred day simple moving average of $106.09. 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 has a market cap of $10.40 billion, a P/E ratio of 53.87, a PEG ratio of 11.51 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67.

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.