Lecap Asset Management Ltd. Purchases New Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Lecap Asset Management Ltd. acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,092 shares of the company's stock, valued at approximately $2,180,000.

Other large investors have also added to or reduced their stakes in the company. Huntington National Bank raised its stake in 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 buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Floor & Decor during the fourth quarter valued at $35,000. Proficio Capital Partners LLC purchased a new position in Floor & Decor during the fourth quarter valued at $49,000. Allworth Financial LP raised its stake in Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after buying an additional 182 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Floor & Decor by 1,201.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company's stock worth $86,000 after purchasing an additional 793 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FND shares. Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Monday, April 28th. Wells Fargo & Company decreased their price target on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Guggenheim decreased their price target on Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Evercore ISI decreased their price target on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $93.00.

Floor & Decor Stock Performance

NYSE:FND traded down $0.44 during mid-day trading on Friday, hitting $75.34. 2,666,604 shares of the company traded hands, compared to its average volume of 1,854,084. The stock's fifty day moving average price is $74.35 and its 200-day moving average price is $86.28. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $124.68. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.71.

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, meeting the consensus estimate of $0.45. The business had revenue of $1.16 billion during 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%. Floor & Decor's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.