Teacher Retirement System of Texas Has $1.80 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Teacher Retirement System of Texas boosted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 242.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,407 shares of the company's stock after buying an additional 15,867 shares during the period. Teacher Retirement System of Texas' holdings in Floor & Decor were worth $1,803,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Capital Research Global Investors grew its stake in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after buying an additional 5,784,573 shares in the last quarter. Vanguard Group Inc. grew its stake in Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after buying an additional 133,766 shares in the last quarter. Timucuan Asset Management Inc. FL grew its stake in Floor & Decor by 0.4% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after buying an additional 7,329 shares in the last quarter. Two Creeks Capital Management LP grew its stake in Floor & Decor by 7.6% during the fourth 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, Turtle Creek Asset Management Inc. grew its stake in Floor & Decor by 14.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 1,371,683 shares of the company's stock worth $136,757,000 after buying an additional 175,350 shares in the last quarter.

Floor & Decor Trading Down 1.2%

Shares of FND stock traded down $0.98 during trading hours on Monday, hitting $82.31. 1,561,679 shares of the company's stock traded hands, compared to its average volume of 1,827,161. The stock's 50 day simple moving average is $76.47 and its 200 day simple moving average is $84.41. The stock has a market cap of $8.86 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.70. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month 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.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the company posted $0.46 earnings per share. Floor & Decor's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

FND has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Piper Sandler dropped their price objective on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Mizuho dropped their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Floor & Decor has a consensus rating of "Hold" and a consensus price target of $91.19.

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.