Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 83.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 499,707 shares of the company's stock after purchasing an additional 227,030 shares during the quarter. TimesSquare Capital Management LLC owned about 0.47% of Floor & Decor worth $40,211,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Capital Research Global Investors increased its stake in shares of 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 during the period. Vanguard Group Inc. increased its stake in shares of 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 during the period. Principal Financial Group Inc. increased its stake in shares of Floor & Decor by 106.4% during the first 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 during the period. Timucuan Asset Management Inc. FL increased its stake in shares of 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 during the period. Finally, Two Creeks Capital Management LP increased its stake in shares of 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 during the period.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent research reports. Loop Capital cut their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Piper Sandler cut their target price on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird cut their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Mizuho dropped their price target on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $91.19.

Floor & Decor Stock Performance

Shares of FND stock traded up $1.54 during trading hours on Thursday, hitting $80.07. The stock had a trading volume of 583,269 shares, compared to its average volume of 1,815,371. The firm has a market capitalization of $8.62 billion, a PE ratio of 42.41, a PEG ratio of 2.45 and a beta of 1.70. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68. The stock's 50 day moving average is $76.85 and its 200 day moving average is $84.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 0.27.

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, meeting the consensus estimate of $0.45. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.