Wasatch Advisors LP Reduces Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Wasatch Advisors LP decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,121,714 shares of the company’s stock after selling 131,101 shares during the quarter. Wasatch Advisors LP owned approximately 1.98% of Floor & Decor worth $211,535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FND. Vanguard Group Inc. lifted its position in shares of Floor & Decor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock worth $976,319,000 after buying an additional 133,766 shares during the last quarter. Timucuan Asset Management Inc. FL raised its stake in Floor & Decor by 0.4% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company’s stock worth $178,557,000 after acquiring an additional 7,329 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after acquiring an additional 223,332 shares in the last quarter. Principal Financial Group Inc. lifted its position in 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 acquiring an additional 926,208 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Floor & Decor in the fourth quarter valued at $128,797,000.

Floor & Decor Stock Down 1.4 %

FND opened at $72.00 on Wednesday. The business has a 50 day simple moving average of $86.68 and a 200-day simple moving average of $98.89. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74. The stock has a market capitalization of $7.73 billion, a P/E ratio of 37.90, a P/E/G ratio of 19.06 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FND. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. 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 research report on Thursday, January 30th. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Gordon Haskett cut shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.56.

About Floor & Decor

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.