Natixis Advisors LLC Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Key Points

• Natixis Advisors LLC reduced its stake in Floor & Decor Holdings by 7.3%, holding approximately 0.30% of the company worth $26.2 million after selling 25,661 shares.
• Capital Research Global Investors significantly increased its position in Floor & Decor by 76.8% in the fourth quarter, now owning over 13.3 million shares valued at around $1.33 billion.
• Analysts have downgraded their price targets for Floor & Decor, with Loop Capital lowering its target from $95 to $75, while the stock currently has an average rating of "Hold" and a consensus target price of $88.56.

Natixis Advisors LLC decreased its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 325,488 shares of the company's stock after selling 25,661 shares during the period. Natixis Advisors LLC owned 0.30% of Floor & Decor worth $26,192,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FND. Capital Research Global Investors grew its holdings in Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after purchasing an additional 1,558,409 shares during the last quarter. Timucuan Asset Management Inc. FL grew its holdings in Floor & Decor by 0.4% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after purchasing an additional 7,329 shares during the last quarter. Two Creeks Capital Management LP grew its holdings in Floor & Decor by 7.6% in the fourth quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after purchasing an additional 112,001 shares during the last quarter. Finally, Fisher Funds Management LTD grew its holdings in Floor & Decor by 21.6% in the first quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock worth $126,241,000 after purchasing an additional 279,087 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FND shares. Wells Fargo & Company lowered their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Loop Capital dropped their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Guggenheim dropped their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Finally, Evercore ISI dropped their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $88.56.

Floor & Decor Stock Down 3.0%

Shares of NYSE FND traded down $2.47 during mid-day trading on Wednesday, hitting $80.09. The company had a trading volume of 750,447 shares, compared to its average volume of 2,066,180. The company has a market capitalization of $8.62 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 3.49 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The business's 50-day simple moving average is $77.51 and its 200 day simple moving average is $82.37.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.36% and a net margin of 4.59%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The business's revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

About Floor & Decor

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.