Van Berkom & Associates Inc. Increases Position in Floor & Decor Holdings, Inc. $FND

Van Berkom & Associates Inc. grew its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 12.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 859,887 shares of the company’s stock after buying an additional 93,728 shares during the quarter. Van Berkom & Associates Inc. owned 0.80% of Floor & Decor worth $63,374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MainStreet Investment Advisors LLC increased its holdings in Floor & Decor by 4.7% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock worth $271,000 after acquiring an additional 160 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Floor & Decor by 27.2% during the third quarter. AlphaQuest LLC now owns 805 shares of the company’s stock worth $59,000 after purchasing an additional 172 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Floor & Decor by 5.4% during the second quarter. Venturi Wealth Management LLC now owns 3,428 shares of the company’s stock worth $260,000 after purchasing an additional 175 shares in the last quarter. Bank of Jackson Hole Trust raised its position in shares of Floor & Decor by 37.7% during the 3rd quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock worth $50,000 after purchasing an additional 186 shares during the last quarter. Finally, Saturna Capital Corp lifted its stake in Floor & Decor by 2.7% in the 2nd quarter. Saturna Capital Corp now owns 7,150 shares of the company’s stock valued at $543,000 after buying an additional 190 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Citigroup dropped their price target on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Stifel Nicolaus dropped their target price on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Finally, Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $80.00 in a research note on Wednesday, November 12th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $82.84.

Floor & Decor Stock Performance

NYSE:FND opened at $67.00 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.22 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.74. The firm has a 50-day moving average price of $66.48 and a two-hundred day moving average price of $72.08. Floor & Decor Holdings, Inc. has a twelve month low of $55.11 and a twelve month high of $104.89.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.