Twinbeech Capital LP bought a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 133,645 shares of the company's stock, valued at approximately $13,324,000. Twinbeech Capital LP owned approximately 0.12% of Floor & Decor as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Capital Research Global Investors raised its position in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. raised its position in 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 purchasing an additional 133,766 shares during the last quarter. Timucuan Asset Management Inc. FL raised its position 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 purchasing an additional 7,329 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 223,332 shares during the last quarter. Finally, Two Creeks Capital Management LP raised its position in Floor & Decor by 7.6% during the 4th quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after purchasing an additional 112,001 shares during the last quarter.
Floor & Decor Stock Performance
Shares of NYSE:FND traded down $0.74 during trading on Friday, hitting $73.38. 1,634,251 shares of the company were exchanged, compared to its average volume of 1,811,998. The company has a market cap of $7.90 billion, a PE ratio of 38.62, a P/E/G ratio of 19.06 and a beta of 1.79. The stock has a 50 day moving average of $75.80 and a 200 day moving average of $92.00. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.24. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the business earned $0.46 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on FND. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Evercore ISI decreased their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Robert W. Baird decreased their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Barclays decreased their target price on 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. Finally, The Goldman Sachs Group decreased their target price on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor currently has a consensus rating of "Hold" and an average price target of $93.56.
View Our Latest Stock Report on FND
Floor & Decor Profile
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Free Report)
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.
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