Fmr LLC Purchases 1,291,214 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Fmr LLC grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 34.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,015,871 shares of the company’s stock after buying an additional 1,291,214 shares during the period. Fmr LLC owned 4.68% of Floor & Decor worth $622,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares in the last quarter. Chris Bulman Inc purchased a new position in shares of Floor & Decor during the second quarter valued at approximately $30,000. J.Safra Asset Management Corp boosted its position in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying an additional 196 shares in the last quarter.

Floor & Decor Stock Performance

FND opened at $114.08 on Friday. The company’s 50 day moving average is $109.98 and its 200 day moving average is $107.99. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 63.38, a PEG ratio of 15.57 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on FND shares. Melius Research began coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price on the stock. Guggenheim cut their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Finally, Mizuho raised their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.