Davidson Kahn Capital Management LLC Makes New $2.44 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Davidson Kahn Capital Management LLC bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,508 shares of the company's stock, valued at approximately $2,443,000. Floor & Decor comprises approximately 2.3% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Floor & Decor during the 4th quarter valued at about $38,717,000. Charles Schwab Investment Management Inc. grew its holdings in Floor & Decor by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after acquiring an additional 30,496 shares during the period. Landscape Capital Management L.L.C. raised its position in Floor & Decor by 111.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock valued at $4,978,000 after acquiring an additional 26,344 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Floor & Decor in the fourth quarter valued at approximately $49,000. Finally, JPMorgan Chase & Co. boosted its position in Floor & Decor by 16.0% in the 3rd 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 in the last quarter.

Floor & Decor Trading Up 2.7 %

FND traded up $1.96 during trading hours on Friday, reaching $74.21. The company's stock had a trading volume of 6,096,879 shares, compared to its average volume of 1,738,675. The business's 50-day moving average is $79.84 and its 200-day moving average is $94.87. 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 stock has a market cap of $7.97 billion, a PE ratio of 39.06, a P/E/G ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.74.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FND. Barclays decreased their target price on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Monday, April 28th. Evercore ISI lowered their price target on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Finally, Guggenheim cut their price objective on Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $94.65.

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.