TimesSquare Capital Management LLC Has $40.21 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

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

Several other large investors have also recently bought and sold shares of FND. Huntington National Bank increased its stake in shares of Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after purchasing an additional 188 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Floor & Decor in the fourth quarter worth $49,000. First Horizon Advisors Inc. increased its position in Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after buying an additional 255 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Floor & Decor by 1,201.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company's stock worth $86,000 after buying an additional 793 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Floor & Decor by 18.5% during the first quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $141,000 after buying an additional 273 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Gordon Haskett downgraded Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. The Goldman Sachs Group reduced their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Barclays lowered their target price on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Finally, Evercore ISI cut their target price on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $91.19.

Floor & Decor Stock Performance

FND stock traded up $1.52 during trading on Thursday, reaching $80.05. 1,567,819 shares of the stock were exchanged, compared to its average volume of 1,817,272. The stock has a 50 day simple moving average of $76.95 and a 200-day simple moving average of $84.07. 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 company has a market capitalization of $8.61 billion, a P/E ratio of 42.35, a price-to-earnings-growth ratio of 2.44 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.

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 for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. Floor & Decor's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.