Daner Wealth Management LLC Makes New $487,000 Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Daner Wealth Management LLC acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,710 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the last quarter. Quarry LP acquired a new position in shares of Floor & Decor in the third quarter valued at $34,000. Bank of Jackson Hole Trust acquired a new position in shares of Floor & Decor in the fourth quarter valued at $49,000. Allworth Financial LP grew its stake in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after acquiring an additional 182 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Floor & Decor in the third quarter valued at about $74,000.

Analysts Set New Price Targets

Several research firms recently commented on FND. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Mizuho upped their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Stock Up 2.8 %

FND stock opened at $100.31 on Wednesday. The stock has a market capitalization of $10.76 billion, a P/E ratio of 52.79, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The firm has a 50-day moving average price of $99.26 and a 200-day moving average price of $106.06.

Floor & Decor (NYSE:FND) last posted its 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.