Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 310.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,694 shares of the company's stock after purchasing an additional 9,601 shares during the quarter. Oak Thistle LLC's holdings in Floor & Decor were worth $1,021,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FND. Huntington National Bank increased its holdings in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after acquiring an additional 188 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor during the fourth quarter valued at approximately $49,000. First Horizon Advisors Inc. increased its holdings in shares of Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after acquiring an additional 255 shares in the last quarter. Signaturefd LLC grew its holdings in Floor & Decor by 18.5% during the first quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $141,000 after buying an additional 273 shares in the last quarter. Finally, CWM LLC grew its holdings in Floor & Decor by 67.6% during the first quarter. CWM LLC now owns 2,105 shares of the company's stock worth $169,000 after buying an additional 849 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Evercore ISI decreased their price objective on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Barclays lowered their price target on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $90.33.

Floor & Decor Stock Performance

Shares of FND stock traded up $1.13 on Friday, hitting $79.82. The company had a trading volume of 1,365,738 shares, compared to its average volume of 1,825,851. The firm has a market cap of $8.59 billion, a P/E ratio of 42.23, a price-to-earnings-growth ratio of 2.48 and a beta of 1.70. The company has a 50-day moving average price of $76.91 and a 200-day moving average price of $83.21. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68.

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 for the quarter, hitting analysts' consensus estimates of $0.45. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. Floor & Decor's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. As a group, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.