Polen Capital Management LLC Acquires 2,534 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Polen Capital Management LLC boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 34.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,800 shares of the company’s stock after acquiring an additional 2,534 shares during the quarter. Polen Capital Management LLC’s holdings in Floor & Decor were worth $977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FND. Corient Private Wealth LLC boosted its stake in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Floor & Decor during the fourth quarter worth $97,552,000. Swiss National Bank lifted its position in shares of Floor & Decor by 0.9% during the fourth quarter. Swiss National Bank now owns 200,300 shares of the company’s stock worth $19,970,000 after acquiring an additional 1,800 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Floor & Decor by 1,201.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company’s stock worth $86,000 after acquiring an additional 793 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Floor & Decor by 16.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,422 shares of the company’s stock worth $2,634,000 after purchasing an additional 3,807 shares during the period.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $85.73 on Monday. 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 1-year low of $84.07 and a 1-year high of $135.67. The company has a market capitalization of $9.21 billion, a P/E ratio of 45.12, a P/E/G ratio of 19.06 and a beta of 1.95. The firm’s 50 day simple moving average is $96.94 and its two-hundred day simple moving average is $104.62.

Floor & Decor (NYSE:FND) last released its earnings results 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler reduced their target price 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. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price 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 raised Floor & Decor from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $104.83.

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.