JPMorgan Chase & Co. Purchases 223,332 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

JPMorgan Chase & Co. raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 16.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,617,658 shares of the company’s stock after acquiring an additional 223,332 shares during the period. JPMorgan Chase & Co.’s holdings in Floor & Decor were worth $200,865,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. XN LP purchased a new position in Floor & Decor in the 2nd quarter worth approximately $70,177,000. Massachusetts Financial Services Co. MA lifted its position in Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after purchasing an additional 333,338 shares during the last quarter. State Street Corp boosted its stake in shares of Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after purchasing an additional 222,980 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Floor & Decor by 94.7% during the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after purchasing an additional 173,518 shares during the period.

Floor & Decor Trading Down 0.0 %

NYSE:FND opened at $99.89 on Tuesday. The firm has a market capitalization of $10.71 billion, a P/E ratio of 55.49, a PEG ratio of 14.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The company’s 50-day simple moving average is $105.93 and its 200 day simple moving average is $106.40.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FND has been the subject of a number of recent analyst reports. Melius Research started coverage on shares of Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Mizuho upped their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Wells Fargo & Company boosted their price target 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, Piper Sandler dropped their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.37.

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.