Spyglass Capital Management LLC Has $44.08 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Spyglass Capital Management LLC reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 442,104 shares of the company's stock after selling 5,572 shares during the period. Floor & Decor comprises 2.5% of Spyglass Capital Management LLC's portfolio, making the stock its 22nd biggest position. Spyglass Capital Management LLC owned about 0.41% of Floor & Decor worth $44,078,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors grew its stake in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after purchasing an additional 5,784,573 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock valued at $132,329,000 after acquiring an additional 1,316,484 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Floor & Decor in the fourth quarter valued at approximately $128,797,000. Marshall Wace LLP purchased a new position in Floor & Decor in the fourth quarter worth approximately $109,574,000. Finally, Madison Investment Advisors LLC purchased a new position in shares of Floor & Decor during the fourth quarter worth $97,552,000.

Floor & Decor Price Performance

Shares of NYSE:FND traded down $0.40 during midday trading on Thursday, reaching $74.02. 2,036,482 shares of the company's stock traded hands, compared to its average volume of 1,805,640. The company has a fifty day simple moving average of $76.24 and a two-hundred day simple moving average of $92.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a market cap of $7.96 billion, a P/E ratio of 38.96, a PEG ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.24.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Piper Sandler cut their price target on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus reduced their price target on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Guggenheim cut their price objective on Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Robert W. Baird lowered their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $93.56.

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.