Madison Investment Advisors LLC Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Madison Investment Advisors LLC acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 978,458 shares of the company’s stock, valued at approximately $97,552,000. Floor & Decor comprises about 1.1% of Madison Investment Advisors LLC’s investment portfolio, making the stock its 26th largest position. Madison Investment Advisors LLC owned 0.91% of Floor & Decor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Floor & Decor by 34.7% in 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. Fisher Funds Management LTD acquired a new position in Floor & Decor during the fourth quarter valued at approximately $128,797,000. Principal Financial Group Inc. boosted its holdings in shares of Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after buying an additional 926,208 shares during the period. Raymond James Financial Inc. acquired a new position in Floor & Decor in the 4th quarter valued at $54,640,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after acquiring an additional 333,338 shares during the period.

Floor & Decor Stock Down 0.5 %

Shares of NYSE:FND opened at $89.42 on Thursday. Floor & Decor Holdings, Inc. has a 12 month low of $85.86 and a 12 month high of $135.67. The firm has a market cap of $9.60 billion, a P/E ratio of 47.06, a P/E/G ratio of 19.06 and a beta of 1.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $97.64 and its two-hundred day moving average price is $105.14.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, February 21st. Piper Sandler cut their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Profile

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.