Worldly Partners Management LLC Grows Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Worldly Partners Management LLC raised its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,037,380 shares of the company's stock after acquiring an additional 17,780 shares during the quarter. Floor & Decor makes up about 54.1% of Worldly Partners Management LLC's investment portfolio, making the stock its largest holding. Worldly Partners Management LLC owned 0.97% of Floor & Decor worth $103,427,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FND. Capital Research Global Investors lifted its stake 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 valued at $1,327,653,000 after acquiring an additional 5,784,573 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Floor & Decor by 12,208.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock worth $132,329,000 after buying an additional 1,316,484 shares during the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $128,797,000. Marshall Wace LLP acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $109,574,000. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $97,552,000.

Floor & Decor Stock Performance

NYSE:FND traded down $0.40 during mid-day trading on Thursday, reaching $74.02. 2,036,482 shares of the company's stock were exchanged, compared to its average volume of 1,805,640. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.24. The firm has a market capitalization of $7.96 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The business's fifty day simple moving average is $76.01 and its two-hundred day simple moving average is $92.31.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $0.46 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FND. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Barclays cut their target price on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group cut their target price on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Floor & Decor has an average rating of "Hold" and an average price target of $93.56.

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.