Silvercrest Asset Management Group LLC Grows Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Silvercrest Asset Management Group LLC grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,945 shares of the company’s stock after buying an additional 7,165 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Floor & Decor were worth $15,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FND. Louisiana State Employees Retirement System boosted its holdings in Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after acquiring an additional 100 shares in the last quarter. Advisory Research Inc. boosted its stake in shares of Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC raised its stake in Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Floor & Decor by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after acquiring an additional 133 shares in the last quarter.

Floor & Decor Stock Up 1.4%

Shares of Floor & Decor stock opened at $79.47 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a market capitalization of $8.55 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.24. The company has a 50-day simple moving average of $76.79 and a two-hundred day simple moving average of $93.02.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FND shares. Robert W. Baird reduced their target price on Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Piper Sandler reduced their price target on Floor & Decor from $90.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Monday, April 28th. Loop Capital reduced their target price on shares of Floor & Decor from $95.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, May 6th. Finally, Guggenheim decreased their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.56.

About Floor & Decor

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.