Madison Asset Management LLC Purchases 16,853 Shares of Floor & Decor Holdings, Inc. $FND

Madison Asset Management LLC boosted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,644,673 shares of the company’s stock after buying an additional 16,853 shares during the quarter. Floor & Decor makes up approximately 1.3% of Madison Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Madison Asset Management LLC’s holdings in Floor & Decor were worth $121,212,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Black Cypress Capital Management LLC lifted its holdings in Floor & Decor by 140.0% in the second quarter. Black Cypress Capital Management LLC now owns 83,964 shares of the company’s stock valued at $6,378,000 after buying an additional 48,981 shares during the period. Legal & General Group Plc raised its position in shares of Floor & Decor by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 177,967 shares of the company’s stock worth $13,518,000 after acquiring an additional 4,013 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Floor & Decor in the 2nd quarter valued at about $276,000. Advantage Alpha Capital Partners LP lifted its stake in shares of Floor & Decor by 74.1% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 67,497 shares of the company’s stock valued at $5,127,000 after purchasing an additional 28,717 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Floor & Decor during the 2nd quarter valued at about $64,450,000.

Floor & Decor Stock Up 3.7%

Floor & Decor stock opened at $70.64 on Wednesday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 2.64 and a beta of 1.74. The firm’s fifty day moving average price is $66.92 and its two-hundred day moving average price is $71.71. Floor & Decor Holdings, Inc. has a 1-year low of $55.11 and a 1-year high of $103.87. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FND shares. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Morgan Stanley dropped their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. UBS Group cut their target price on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $80.00 price objective on shares of Floor & Decor in a report on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.84.

Floor & Decor Profile

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.