GSA Capital Partners LLP Purchases New Shares in Floor & Decor Holdings, Inc. (NYSE:FND)

Key Points

• GSA Capital Partners LLP has acquired a new stake in Floor & Decor Holdings, investing approximately $620,000 for 7,710 shares during the first quarter.
• Several other investment firms increased their holdings in Floor & Decor, with notable purchases including Norges Bank's $38.7 million investment in the fourth quarter.
• Overall, Wall Street analysts have lowered their target prices for Floor & Decor, with an average rating of "Hold" and a target price of $88.56 reflecting recent adjustments.

GSA Capital Partners LLP acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,710 shares of the company's stock, valued at approximately $620,000.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Floor & Decor during the 4th quarter worth about $38,717,000. Envestnet Asset Management Inc. increased its position in shares of Floor & Decor by 5.3% during the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock worth $22,255,000 after purchasing an additional 13,983 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Floor & Decor by 28.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after buying an additional 701 shares during the last quarter. Davidson Kahn Capital Management LLC grew its stake 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 worth $2,446,000 after acquiring an additional 5,887 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its holdings in shares of Floor & Decor by 32.5% during the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock valued at $25,800,000 after acquiring an additional 78,626 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Telsey Advisory Group lowered their price objective on Floor & Decor from $100.00 to $92.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Stifel Nicolaus cut their price objective on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Mizuho decreased their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Finally, Loop Capital reduced their price target on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Stock Performance

NYSE FND traded down $0.35 on Thursday, hitting $79.38. 907,062 shares of the company traded hands, compared to its average volume of 2,062,675. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $124.68. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 3.53 and a beta of 1.68. The business's 50 day moving average price is $77.67 and its 200-day moving average price is $82.36.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.52 earnings per share. The company's quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current 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.