Floor & Decor Holdings, Inc. $FND Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 908,639 shares of the company's stock after buying an additional 48,613 shares during the period. Charles Schwab Investment Management Inc. owned 0.85% of Floor & Decor worth $73,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors lifted its holdings 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 buying an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock valued at $818,665,000 after purchasing an additional 380,976 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 106.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after purchasing an additional 1,558,409 shares during the last quarter. Two Creeks Capital Management LP lifted its holdings in shares of Floor & Decor by 7.6% in 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 purchasing an additional 112,001 shares during the last quarter. Finally, Fisher Funds Management LTD lifted its holdings in shares of Floor & Decor by 21.6% in the 1st quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock valued at $126,241,000 after purchasing an additional 279,087 shares during the last quarter.

Analyst Ratings Changes

FND has been the subject of several research reports. Wells Fargo & Company reduced their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Robert W. Baird reduced their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Evercore ISI reduced their target price on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a report on Tuesday, June 24th. Loop Capital reduced their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Finally, Mizuho reduced their price objective 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. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Price Performance

FND traded down $1.13 on Monday, hitting $82.31. 411,717 shares of the company were exchanged, compared to its average volume of 2,062,715. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The business's fifty day moving average is $79.03 and its 200 day moving average is $81.04. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. The firm has a market capitalization of $8.86 billion, a P/E ratio of 42.22, a price-to-earnings-growth ratio of 3.58 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current 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.