Floor & Decor Holdings, Inc. (NYSE:FND) Position Raised by Fisher Funds Management LTD

Fisher Funds Management LTD increased its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,568,794 shares of the company's stock after buying an additional 279,087 shares during the period. Floor & Decor accounts for approximately 3.1% of Fisher Funds Management LTD's investment portfolio, making the stock its 7th biggest holding. Fisher Funds Management LTD owned about 1.46% of Floor & Decor worth $126,241,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Floor & Decor in the 4th quarter valued at about $38,717,000. Charles Schwab Investment Management Inc. lifted its position in shares of Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after buying an additional 30,496 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of Floor & Decor by 111.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after buying an additional 26,344 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Floor & Decor during the 4th quarter worth approximately $49,000. Finally, Davidson Kahn Capital Management LLC lifted its position in shares of Floor & Decor by 24.0% during the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after buying an additional 5,887 shares in the last quarter.

Floor & Decor Price Performance

Shares of NYSE FND traded down $1.25 during mid-day trading on Monday, reaching $80.82. 2,240,764 shares of the company were exchanged, compared to its average volume of 1,849,894. 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 stock has a market capitalization of $8.70 billion, a PE ratio of 42.76, a PEG ratio of 2.55 and a beta of 1.70. The company's 50 day moving average price is $75.43 and its 200 day moving average price is $85.06. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68.

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, meeting the consensus estimate of $0.45. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on FND. Barclays dropped their target price on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Stifel Nicolaus dropped their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Gordon Haskett lowered shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Guggenheim decreased their price target on shares of 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 research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $93.00.

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.