Davidson Kahn Capital Management LLC Has $2.45 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Davidson Kahn Capital Management LLC grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 24.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,395 shares of the company's stock after purchasing an additional 5,887 shares during the quarter. Floor & Decor comprises about 1.9% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 20th biggest position. Davidson Kahn Capital Management LLC's holdings in Floor & Decor were worth $2,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FND. Capital Research Global Investors raised its position in shares of Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after buying an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. grew its stake in Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after buying an additional 133,766 shares during the last quarter. Timucuan Asset Management Inc. FL grew its stake in Floor & Decor by 0.4% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after buying an additional 7,329 shares during the last quarter. Two Creeks Capital Management LP grew its stake in Floor & Decor by 7.6% during the fourth quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after buying an additional 112,001 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. grew its stake in Floor & Decor by 14.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 1,371,683 shares of the company's stock worth $136,757,000 after buying an additional 175,350 shares during the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of several research analyst reports. Guggenheim decreased their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a research note on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. Mizuho decreased their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $93.00.

Floor & Decor Trading Down 0.6%

FND stock traded down $0.44 during midday trading on Friday, reaching $75.34. The company's stock had a trading volume of 2,666,604 shares, compared to its average volume of 1,854,084. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68. The stock has a market cap of $8.11 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.71. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The business's 50-day simple moving average is $74.35 and its 200-day simple moving average is $86.28.

Floor & Decor (NYSE:FND - Get Free Report) last announced 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. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the firm earned $0.46 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect 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.