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

Polen Capital Management LLC lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 34.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,800 shares of the company’s stock after purchasing an additional 2,534 shares during the period. Polen Capital Management LLC’s holdings in Floor & Decor were worth $977,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Floor & Decor in the 3rd quarter valued at approximately $34,000. Whipplewood Advisors LLC purchased a new position in Floor & Decor in the 4th quarter valued at $35,000. Blue Trust Inc. raised its holdings in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $49,000. Finally, Proficio Capital Partners LLC acquired a new position in Floor & Decor in the 4th quarter valued at about $49,000.

Floor & Decor Stock Up 0.9 %

Floor & Decor stock opened at $85.73 on Monday. The company has a market cap of $9.21 billion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a 1-year low of $84.07 and a 1-year high of $135.67. The company has a fifty day simple moving average of $96.94 and a 200 day simple moving average of $104.62. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. The company 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%. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FND. 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. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research report on Thursday, January 30th. 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 report on Tuesday, February 18th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, February 21st. Finally, Barclays upgraded 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus price target 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.