Turtle Creek Asset Management Inc. Raises Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Turtle Creek Asset Management Inc. increased its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371,683 shares of the company's stock after buying an additional 175,350 shares during the period. Floor & Decor accounts for 3.6% of Turtle Creek Asset Management Inc.'s portfolio, making the stock its 13th largest position. Turtle Creek Asset Management Inc. owned approximately 1.28% of Floor & Decor worth $136,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FND. Huntington National Bank raised its stake in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Floor & Decor during the fourth quarter valued at approximately $35,000. Blue Trust Inc. increased its stake in shares of Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Floor & Decor during the fourth quarter valued at approximately $49,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Floor & Decor during the fourth quarter valued at approximately $49,000.

Floor & Decor Stock Performance

FND stock traded down $4.68 on Wednesday, hitting $74.54. The company had a trading volume of 1,787,866 shares, compared to its average volume of 1,800,491. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $126.24. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock's 50-day simple moving average is $76.24 and its 200 day simple moving average is $92.55. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 19.06 and a beta of 1.79.

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 the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the company posted $0.46 earnings per share. The firm's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FND has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Evercore ISI decreased their target price on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research note on Monday, April 28th. Guggenheim decreased their target price on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor has an average rating of "Hold" and a consensus target price of $93.56.

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.