25,581 Shares in Floor & Decor Holdings, Inc. (NYSE:FND) Acquired by Bank of Nova Scotia

Bank of Nova Scotia acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,581 shares of the company's stock, valued at approximately $2,059,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in Floor & Decor by 76.8% in the fourth 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 in the last quarter. Principal Financial Group Inc. grew its position in shares of Floor & Decor by 106.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after buying an additional 1,558,409 shares during the period. Timucuan Asset Management Inc. FL increased its stake in shares of Floor & Decor by 0.4% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock valued at $178,557,000 after acquiring an additional 7,329 shares in the last quarter. Two Creeks Capital Management LP lifted its position in shares of 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 valued at $158,283,000 after acquiring an additional 112,001 shares during the period. Finally, Fisher Funds Management LTD boosted its stake in Floor & Decor by 21.6% during the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock worth $126,241,000 after acquiring an additional 279,087 shares in the last quarter.

Analysts Set New Price Targets

FND has been the subject of several research analyst reports. Guggenheim decreased their price target on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Mizuho reduced their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Finally, Barclays decreased their price objective on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Stock Down 0.1%

Shares of NYSE FND traded down $0.11 during trading on Friday, hitting $79.56. The stock had a trading volume of 1,714,509 shares, compared to its average volume of 1,854,846. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The firm has a fifty day moving average of $77.96 and a two-hundred day moving average of $81.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The company has a market capitalization of $8.57 billion, a PE ratio of 40.80, a PEG ratio of 3.41 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $0.52 earnings per share. Floor & Decor's revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts forecast 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.