Sovran Advisors LLC Invests $483,000 in Floor & Decor Holdings, Inc. (NYSE:FND)

Sovran Advisors LLC acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,035 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Floor & Decor during the 3rd quarter valued at $34,000. Blue Trust Inc. lifted 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 buying an additional 196 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Floor & Decor during the third quarter valued at about $74,000. UMB Bank n.a. grew its holdings in Floor & Decor by 30.8% during the fourth quarter. UMB Bank n.a. now owns 935 shares of the company’s stock worth $93,000 after acquiring an additional 220 shares during the period. Finally, Trust Co. of Vermont raised its position in Floor & Decor by 21.1% in the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock worth $115,000 after acquiring an additional 200 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on FND. Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus price target of $105.67.

Floor & Decor Stock Performance

FND stock opened at $95.72 on Thursday. The firm has a 50 day moving average of $101.69 and a two-hundred day moving average of $106.02. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 53.18, a P/E/G ratio of 11.51 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

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.