Envestnet Asset Management Inc. Raises Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)
Envestnet Asset Management Inc. increased its position in Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) by 17.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,924 shares of the company’s stock after buying an additional 54,893 shares during the quarter. Envestnet Asset Management Inc. owned 0.34{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Floor & Decor worth $25,569,000 as of its most recent filing with the Securities & Exchange Commission.
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Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Floor & Decor by 5.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,581 shares of the company’s stock worth $954,000 after buying an additional 675 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of Floor & Decor by 112.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the second quarter. Kornitzer Capital Management Inc. KS now owns 20,800 shares of the company’s stock worth $1,310,000 after buying an additional 11,000 shares during the period. Trexquant Investment LP increased its position in Floor & Decor by 99.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 2nd quarter. Trexquant Investment LP now owns 29,709 shares of the company’s stock valued at $1,870,000 after purchasing an additional 14,844 shares during the period. BMS Financial Advisors LLC increased its position in Floor & Decor by 23.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter. BMS Financial Advisors LLC now owns 4,967 shares of the company’s stock valued at $349,000 after purchasing an additional 957 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Floor & Decor by 4.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 2nd quarter. Russell Investments Group Ltd. now owns 75,296 shares of the company’s stock valued at $4,739,000 after purchasing an additional 3,243 shares during the period.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Guggenheim reduced their price objective on shares of Floor & Decor to $90.00 in a research report on Tuesday, November 1st. Morgan Stanley boosted their price objective on shares of Floor & Decor from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 17th. Telsey Advisory Group downgraded shares of Floor & Decor from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a research report on Thursday, February 16th. Barclays assumed coverage on shares of Floor & Decor in a research report on Tuesday, February 7th. They set an “underweight” rating and a $88.00 price objective on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Floor & Decor in a report on Tuesday, December 6th. They set an “outperform” rating and a $112.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $94.47.
Floor & Decor Trading Down 6.7 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Shares of NYSE FND opened at $88.14 on Wednesday. The firm’s 50 day moving average price is $84.29 and its 200-day moving average price is $79.75. The company has a market cap of $9.35 billion, a PE ratio of 34.03, a P/E/G ratio of 1.39 and a beta of 1.82. Floor & Decor Holdings, Inc. has a 52-week low of $59.91 and a 52-week high of $104.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 1.41.
Floor & Decor Company 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.
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