Brevan Howard Capital Management LP Buys New Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Brevan Howard Capital Management LP bought a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,137 shares of the company's stock, valued at approximately $4,201,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Floor & Decor during the 3rd quarter valued at $74,000. Tidal Investments LLC boosted its holdings in shares of Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after purchasing an additional 130 shares during the period. Principal Financial Group Inc. grew its stake in shares of Floor & Decor by 6.0% in the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after purchasing an additional 30,310 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after purchasing an additional 223,332 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Floor & Decor by 15.1% during the 4th quarter. GAMMA Investing LLC now owns 1,619 shares of the company's stock valued at $161,000 after purchasing an additional 212 shares during the period.

Floor & Decor Stock Performance

NYSE FND traded up $1.61 during trading hours on Thursday, hitting $75.01. The company's stock had a trading volume of 1,895,314 shares, compared to its average volume of 1,755,179. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74. The company's 50 day simple moving average is $78.00 and its two-hundred day simple moving average is $94.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company has a market cap of $8.06 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting analysts' consensus estimates of $0.45. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent analyst reports. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Mizuho reduced their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price target on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Barclays lowered their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Finally, Loop Capital decreased their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $93.56.

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.