Benjamin F. Edwards & Company Inc. Buys 169 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Benjamin F. Edwards & Company Inc. raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,371 shares of the company’s stock after purchasing an additional 169 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Floor & Decor were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vancity Investment Management Ltd grew its stake in shares of Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after acquiring an additional 111 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Floor & Decor by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after purchasing an additional 120 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Floor & Decor by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after purchasing an additional 121 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Floor & Decor by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after purchasing an additional 138 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Floor & Decor by 8.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,279 shares of the company’s stock valued at $227,000 after purchasing an additional 181 shares during the period.

Floor & Decor Price Performance

Floor & Decor stock opened at $118.55 on Thursday. The firm has a market capitalization of $12.70 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The firm has a 50-day moving average price of $105.46 and a 200-day moving average price of $110.88. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

Analyst Ratings Changes

FND has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Citigroup cut their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Telsey Advisory Group decreased their target price on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Melius Research started coverage on Floor & Decor in a research note on Monday. They issued a “sell” rating and a $80.00 price target for the company. Finally, Robert W. Baird lowered their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $102.65.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller 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; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.