Floor & Decor Holdings, Inc. (NYSE:FND) is Worldly Partners Management LLC's Largest Position

Worldly Partners Management LLC lifted its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037,380 shares of the company's stock after acquiring an additional 17,780 shares during the quarter. Floor & Decor makes up approximately 54.1% of Worldly Partners Management LLC's portfolio, making the stock its largest position. Worldly Partners Management LLC owned about 0.97% of Floor & Decor worth $103,427,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in 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 purchasing an additional 5,784,573 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock valued at $132,329,000 after purchasing an additional 1,316,484 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in Floor & Decor during the fourth quarter valued at about $128,797,000. Marshall Wace LLP purchased a new stake in Floor & Decor during the fourth quarter valued at about $109,574,000. Finally, Madison Investment Advisors LLC purchased a new stake in Floor & Decor during the fourth quarter valued at about $97,552,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on FND. Mizuho dropped their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group lowered their price target on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Robert W. Baird lowered their price target on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Price Performance

NYSE FND traded down $0.74 on Friday, reaching $73.38. 1,634,251 shares of the company's stock traded hands, compared to its average volume of 1,811,998. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a 50-day simple moving average of $75.80 and a 200 day simple moving average of $92.00. The stock has a market cap of $7.90 billion, a PE ratio of 38.62, a P/E/G ratio of 19.06 and a beta of 1.79.

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