Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,807 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 16.8% during the fourth quarter, Holdings Channel reports. The fund owned 26,422 shares of the company’s stock after acquiring an additional 3,807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Floor & Decor were worth $2,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FND. Atria Investments Inc increased its stake in Floor & Decor by 4.0% in the third quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock valued at $870,000 after acquiring an additional 267 shares during the last quarter. KBC Group NV increased its stake in Floor & Decor by 9.0% in the third quarter. KBC Group NV now owns 2,825 shares of the company’s stock valued at $351,000 after acquiring an additional 234 shares during the last quarter. CIBC Asset Management Inc increased its stake in Floor & Decor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after acquiring an additional 110 shares during the last quarter. Natixis Advisors LLC increased its stake in Floor & Decor by 14.4% in the third quarter. Natixis Advisors LLC now owns 408,012 shares of the company’s stock valued at $50,663,000 after acquiring an additional 51,322 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Floor & Decor by 8.8% during the third quarter. Thrivent Financial for Lutherans now owns 31,818 shares of the company’s stock valued at $3,951,000 after buying an additional 2,586 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FND. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and raised their price objective for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a research note on Friday, February 21st. Piper Sandler reduced their price objective on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $104.83.

Floor & Decor Stock Performance

Shares of FND opened at $85.73 on Friday. 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 $84.07 and a one year high of $135.67. The company has a 50-day simple moving average of $96.94 and a two-hundred day simple moving average of $104.67. The firm has a market capitalization of $9.21 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.