TimesSquare Capital Management LLC Has $27.19 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

TimesSquare Capital Management LLC lessened its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 272,677 shares of the company’s stock after selling 14,275 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Floor & Decor were worth $27,186,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of Jackson Hole Trust acquired a new stake in Floor & Decor during the 4th quarter worth $49,000. CIBC Asset Management Inc raised its stake in shares of Floor & Decor by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 3,275 shares of the company’s stock valued at $327,000 after purchasing an additional 169 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Floor & Decor by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after purchasing an additional 133 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock valued at $146,037,000 after purchasing an additional 926,208 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after purchasing an additional 182 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on FND. Wells Fargo & Company boosted their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Telsey Advisory Group upgraded Floor & Decor from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $95.00 to $115.00 in a report on Friday, February 14th. Finally, Mizuho boosted their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $105.39.

Floor & Decor Price Performance

Shares of NYSE FND opened at $98.64 on Wednesday. The business’s 50 day moving average price is $100.68 and its two-hundred day moving average price is $106.12. The company has a market cap of $10.58 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 19.97 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor Company 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.