Fisher Funds Management LTD Invests $128.80 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

Fisher Funds Management LTD acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,289,707 shares of the company’s stock, valued at approximately $128,797,000. Floor & Decor accounts for 3.1% of Fisher Funds Management LTD’s holdings, making the stock its 7th largest holding.

Other large investors have also modified their holdings of the company. Quarry LP acquired a new stake in Floor & Decor during the third quarter worth $34,000. Blue Trust Inc. lifted its holdings in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Floor & Decor during the 4th quarter valued at about $49,000. Allworth Financial LP increased its stake in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after acquiring an additional 182 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Floor & Decor in the third quarter valued at about $74,000.

Analysts Set New Price Targets

A number of brokerages have commented on FND. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday. Piper Sandler cut their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Mizuho upped their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average target price of $106.16.

Floor & Decor Trading Up 1.5 %

FND stock opened at $94.25 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The company has a market cap of $10.11 billion, a P/E ratio of 49.61, a PEG ratio of 19.06 and a beta of 1.83. The business has a fifty day moving average of $99.62 and a 200-day moving average of $105.99.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.