Floor & Decor Holdings, Inc. (NYSE:FND) Holdings Lifted by Worldly Partners Management LLC

Worldly Partners Management LLC grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,094,880 shares of the company's stock after acquiring an additional 57,500 shares during the quarter. Floor & Decor comprises 49.9% of Worldly Partners Management LLC's investment portfolio, making the stock its largest position. Worldly Partners Management LLC owned about 1.02% of Floor & Decor worth $88,105,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $38,717,000. Charles Schwab Investment Management Inc. boosted its holdings in Floor & Decor by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after acquiring an additional 30,496 shares in the last quarter. Landscape Capital Management L.L.C. boosted its holdings in Floor & Decor by 111.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after acquiring an additional 26,344 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Floor & Decor in the fourth quarter worth $49,000. Finally, Davidson Kahn Capital Management LLC lifted its holdings in shares of Floor & Decor by 24.0% during the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock valued at $2,446,000 after purchasing an additional 5,887 shares in the last quarter.

Floor & Decor Stock Performance

Shares of FND stock traded down $0.67 during mid-day trading on Friday, hitting $82.07. 1,021,309 shares of the stock were exchanged, compared to its average volume of 1,848,325. The stock's fifty day simple moving average is $75.43 and its two-hundred day simple moving average is $85.06. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 43.42, a P/E/G ratio of 2.55 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $124.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22.

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

Analyst Ratings Changes

FND has been the topic of a number of recent research reports. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Stifel Nicolaus cut their target price on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Mizuho cut their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Robert W. Baird cut their price target on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Barclays cut their price target on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $93.00.

Floor & Decor 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.