American Century Companies Inc. Grows Position in Floor & Decor Holdings, Inc. (NYSE:FND)

American Century Companies Inc. boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 13.9% during the 2nd quarter, Holdings Channel reports. The firm owned 386,284 shares of the company’s stock after acquiring an additional 47,242 shares during the quarter. American Century Companies Inc.’s holdings in Floor & Decor were worth $38,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Floor & Decor by 4.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after acquiring an additional 96 shares during the last quarter. Vancity Investment Management Ltd boosted its holdings in shares of Floor & Decor by 1.5% in 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 last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after acquiring an additional 117 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after acquiring an additional 120 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after acquiring an additional 121 shares during the last quarter.

Floor & Decor Trading Up 0.8 %

Shares of FND opened at $117.56 on Wednesday. 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 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 $101.81 and a 200 day moving average price of $111.01. The firm has a market capitalization of $12.58 billion, a P/E ratio of 56.79, a P/E/G ratio of 2.19 and a beta of 1.79.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Citigroup decreased their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Piper Sandler decreased their target price on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, August 2nd. Finally, TD Cowen decreased their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.84.

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.