Raymond James Financial Inc. Makes New $54.64 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Raymond James Financial Inc. bought a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 548,042 shares of the company’s stock, valued at approximately $54,640,000. Raymond James Financial Inc. owned about 0.51% of Floor & Decor at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Arizona State Retirement System increased its position in Floor & Decor by 0.9% in the fourth quarter. Arizona State Retirement System now owns 29,546 shares of the company’s stock worth $2,946,000 after buying an additional 273 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Floor & Decor in the fourth quarter valued at $49,000. J.Safra Asset Management Corp grew its position in shares of Floor & Decor by 69.0% in the fourth quarter. J.Safra Asset Management Corp now owns 1,247 shares of the company’s stock valued at $125,000 after purchasing an additional 509 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Floor & Decor by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 38,364 shares of the company’s stock valued at $3,825,000 after purchasing an additional 259 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Floor & Decor by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock valued at $85,745,000 after purchasing an additional 30,496 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FND. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, February 21st. Piper Sandler reduced their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $106.68.

Floor & Decor Trading Up 1.9 %

Shares of FND stock opened at $92.90 on Tuesday. Floor & Decor Holdings, Inc. has a 12-month low of $85.86 and a 12-month high of $135.67. The firm has a market cap of $9.98 billion, a P/E ratio of 48.89, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $97.98 and a two-hundred day moving average price of $105.38.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal 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.