BNP Paribas Arbitrage SNC boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 774.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,042 shares of the company’s stock after acquiring an additional 57,603 shares during the period. BNP Paribas Arbitrage SNC owned 0.06% of Floor & Decor worth $6,762,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in FND. Spire Wealth Management raised its stake in Floor & Decor by 1,063.3% in the 1st quarter. Spire Wealth Management now owns 349 shares of the company’s stock valued at $34,000 after acquiring an additional 319 shares during the period. Venturi Wealth Management LLC bought a new position in Floor & Decor during the 1st quarter worth $39,000. Stephens Inc. AR increased its position in Floor & Decor by 72.5% during the 1st quarter. Stephens Inc. AR now owns 545 shares of the company’s stock worth $54,000 after buying an additional 229 shares during the period. Canada Pension Plan Investment Board bought a new position in Floor & Decor during the 1st quarter worth $57,000. Finally, Parkside Financial Bank & Trust increased its position in Floor & Decor by 168.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 730 shares of the company’s stock worth $59,000 after buying an additional 458 shares during the period.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Credit Suisse Group reiterated a “neutral” rating and set a $95.00 price objective on shares of Floor & Decor in a research report on Friday, August 4th. Telsey Advisory Group decreased their price target on Floor & Decor from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, November 3rd. Jefferies Financial Group decreased their price target on Floor & Decor from $100.00 to $93.00 and set a “hold” rating on the stock in a research report on Wednesday, October 4th. Guggenheim decreased their price target on Floor & Decor from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Finally, Loop Capital raised their price target on Floor & Decor from $82.00 to $100.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average target price of $93.83.
Floor & Decor Stock Performance
Shares of FND stock opened at $90.52 on Tuesday. The business’s 50-day moving average price is $86.04 and its 200-day moving average price is $95.11. Floor & Decor Holdings, Inc. has a 12 month low of $68.29 and a 12 month high of $116.03. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 5.80 and a beta of 1.95. The company has a current ratio of 1.14, a quick ratio of 0.20 and a debt-to-equity ratio of 0.10.
Floor & Decor Profile
Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools.
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