Two Sigma Advisers LP Invests $18.44 Million in Floor & Decor Holdings, Inc. (NYSE:FND)

Two Sigma Advisers LP acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 185,000 shares of the company's stock, valued at approximately $18,444,000. Two Sigma Advisers LP owned approximately 0.17% of Floor & Decor as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FND. JPMorgan Chase & Co. grew its stake in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after purchasing an additional 223,332 shares in the last quarter. UMB Bank n.a. grew its stake in Floor & Decor by 30.8% during the 4th quarter. UMB Bank n.a. now owns 935 shares of the company's stock valued at $93,000 after purchasing an additional 220 shares in the last quarter. Bennett Selby Investments LP grew its stake in Floor & Decor by 1.5% during the 4th quarter. Bennett Selby Investments LP now owns 114,358 shares of the company's stock valued at $11,401,000 after purchasing an additional 1,648 shares in the last quarter. Blue Trust Inc. grew its stake in 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 purchasing an additional 166 shares in the last quarter. Finally, KBC Group NV grew its stake in Floor & Decor by 51.8% during the 4th quarter. KBC Group NV now owns 4,288 shares of the company's stock valued at $428,000 after purchasing an additional 1,463 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FND shares. Wells Fargo & Company lowered their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Mizuho reduced their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Robert W. Baird reduced their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Barclays reduced their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Finally, Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Two investment 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. According to MarketBeat.com, Floor & Decor has an average rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Stock Up 0.9%

FND traded up $0.68 during trading on Tuesday, reaching $73.99. 441,993 shares of the stock traded hands, compared to its average volume of 2,165,605. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth 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 $126.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock's 50-day simple moving average is $75.61 and its two-hundred day simple moving average is $91.75.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The firm 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 business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Floor & Decor 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.