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

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

Several other institutional investors also recently added to or reduced their stakes in FND. Huntington National Bank grew its stake in Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Floor & Decor during the 4th quarter valued at approximately $35,000. Blue Trust Inc. boosted its holdings in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after acquiring an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Floor & Decor in the fourth quarter worth $49,000. Finally, Allworth Financial LP raised its holdings in shares of Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after purchasing an additional 182 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FND shares. Guggenheim dropped their target price on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday. The Goldman Sachs Group decreased their target price on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday. Stifel Nicolaus dropped their price target on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Wells Fargo & Company dropped their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $94.65.

Floor & Decor Stock Down 0.7 %

NYSE:FND traded down $0.50 during trading hours on Tuesday, hitting $73.50. The company's stock had a trading volume of 1,018,814 shares, compared to its average volume of 1,742,352. The stock has a market capitalization of $7.89 billion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $79.28 and a 200-day moving average of $94.53. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the company earned $0.46 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.