Schechter Investment Advisors LLC Purchases 137 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Schechter Investment Advisors LLC increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,605 shares of the company’s stock after purchasing an additional 137 shares during the period. Schechter Investment Advisors LLC’s holdings in Floor & Decor were worth $758,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC increased its position in shares of Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the period. State Street Corp increased its position in shares of Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares during the period. Wasatch Advisors LP increased its position in shares of Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after purchasing an additional 85,299 shares during the period. Geode Capital Management LLC increased its position in shares of Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after purchasing an additional 24,509 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after purchasing an additional 223,332 shares during the period.

Floor & Decor Stock Performance

Shares of FND stock opened at $87.07 on Wednesday. The business’s 50-day moving average price is $98.96 and its 200-day moving average price is $105.88. Floor & Decor Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $135.67. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 19.06 and a beta of 1.95. 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 (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FND. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, February 21st. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, Piper Sandler reduced their price objective on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average price target of $106.68.

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.