Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 12,208.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,327,267 shares of the company's stock after buying an additional 1,316,484 shares during the period. D. E. Shaw & Co. Inc. owned 1.24% of Floor & Decor worth $132,329,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Huntington National Bank grew its position in shares of Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at about $35,000. Blue Trust Inc. grew its position in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after buying an additional 166 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Floor & Decor during the 4th quarter valued at about $49,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at about $49,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FND. Barclays lowered their price objective on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Robert W. Baird decreased their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Mizuho reduced their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, Piper Sandler decreased their price objective on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Price Performance

NYSE FND traded up $8.51 on Monday, reaching $83.86. 4,238,812 shares of the stock traded hands, compared to its average volume of 1,772,041. The firm's fifty day simple moving average is $77.69 and its 200 day simple moving average is $93.55. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 44.14, a P/E/G ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74.

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

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.