Floor & Decor Holdings, Inc. (NYSE:FND) Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 242.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,407 shares of the company's stock after purchasing an additional 15,867 shares during the quarter. Teacher Retirement System of Texas' holdings in Floor & Decor were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $38,717,000. Landscape Capital Management L.L.C. raised its position in shares of Floor & Decor by 111.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after purchasing an additional 26,344 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Floor & Decor by 28.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after acquiring an additional 701 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Floor & Decor in the 4th quarter worth about $49,000. Finally, Davidson Kahn Capital Management LLC increased its holdings in shares of Floor & Decor by 24.0% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after acquiring an additional 5,887 shares during the period.

Floor & Decor Price Performance

Shares of NYSE FND traded down $1.98 during mid-day trading on Friday, reaching $83.29. The company had a trading volume of 1,379,433 shares, compared to its average volume of 1,839,376. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The stock has a market cap of $8.96 billion, a PE ratio of 44.07, a P/E/G ratio of 2.60 and a beta of 1.70. The company has a 50-day moving average price of $76.29 and a two-hundred day moving average price of $84.78. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FND. 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. Wells Fargo & Company lowered their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Mizuho lowered their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Guggenheim lowered their target price on Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $91.71.

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.