Swiss National Bank Purchases 7,400 Shares of Floor & Decor Holdings, Inc. $FND

Swiss National Bank lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,700 shares of the company's stock after purchasing an additional 7,400 shares during the period. Swiss National Bank owned 0.19% of Floor & Decor worth $16,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Research Global Investors increased its stake in shares of Floor & Decor by 76.8% in the 4th 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 in the last quarter. Vanguard Group Inc. increased its stake in Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after buying an additional 380,976 shares in the last quarter. Principal Financial Group Inc. increased its stake in Floor & Decor by 106.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after buying an additional 1,558,409 shares in the last quarter. Two Creeks Capital Management LP increased its stake in Floor & Decor by 7.6% in the 4th quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after buying an additional 112,001 shares in the last quarter. Finally, Fisher Funds Management LTD increased its stake in Floor & Decor by 21.6% in the 1st quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock worth $126,241,000 after buying an additional 279,087 shares in the last quarter.

Floor & Decor Trading Down 1.7%

Shares of NYSE:FND traded down $1.40 during trading on Monday, reaching $82.03. The company's stock had a trading volume of 449,170 shares, compared to its average volume of 2,062,904. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $124.68. The firm's 50 day simple moving average is $79.03 and its two-hundred day simple moving average is $81.04. The stock has a market capitalization of $8.83 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 3.58 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating 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 firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $0.52 EPS. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FND has been the subject of a number of analyst reports. Robert W. Baird cut their price target on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Loop Capital cut their price target on Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a research note on Tuesday, August 12th. The Goldman Sachs Group cut their price objective on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research report on Friday, May 2nd. Finally, Mizuho cut their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Three 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 company. According to MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and a consensus price target of $88.56.

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.