Fisher Funds Management LTD Raises Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Fisher Funds Management LTD lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 21.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,568,794 shares of the company's stock after buying an additional 279,087 shares during the quarter. Floor & Decor comprises about 3.1% of Fisher Funds Management LTD's portfolio, making the stock its 7th largest holding. Fisher Funds Management LTD owned approximately 1.46% of Floor & Decor worth $126,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Floor & Decor by 106.4% in the first 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 in the last quarter. Teacher Retirement System of Texas raised its position in shares of Floor & Decor by 242.6% in the 1st quarter. Teacher Retirement System of Texas now owns 22,407 shares of the company's stock valued at $1,803,000 after buying an additional 15,867 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after acquiring an additional 255 shares in the last quarter. J.Safra Asset Management Corp increased its stake in Floor & Decor by 71.9% in the first quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock valued at $173,000 after acquiring an additional 897 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Floor & Decor by 12.2% during the 1st quarter. KBC Group NV now owns 4,811 shares of the company's stock worth $387,000 after buying an additional 523 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Loop Capital decreased their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Mizuho cut their price target on 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, Guggenheim lowered their price objective on Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Three 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $93.00.

Floor & Decor Stock Down 0.8%

Floor & Decor stock opened at $82.07 on Friday. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.70. The firm's fifty day moving average price is $75.24 and its two-hundred day moving average price is $85.45. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $0.46 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share 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.

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