Two Sigma Investments LP Takes $45.48 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Two Sigma Investments LP purchased a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 456,147 shares of the company's stock, valued at approximately $45,478,000. Two Sigma Investments LP owned about 0.43% of Floor & Decor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Huntington National Bank raised its stake in Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after purchasing an additional 188 shares during the period. Whipplewood Advisors LLC acquired a new position in Floor & Decor in the 4th quarter valued at about $35,000. Blue Trust Inc. increased its holdings in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after buying an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Floor & Decor during the fourth quarter worth $49,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Floor & Decor in the 4th quarter valued at $49,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FND. Piper Sandler lowered their target price on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a report on Monday, April 28th. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, Mizuho cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Price Performance

FND stock traded down $0.74 during trading on Monday, reaching $73.38. 1,634,251 shares of the company were exchanged, compared to its average volume of 1,811,998. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock's 50 day moving average price is $75.80 and its 200 day moving average price is $91.94. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.24. The company has a market cap of $7.90 billion, a P/E ratio of 38.62, a PEG ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business 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 9.80% and a net margin of 4.62%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

About Floor & Decor

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.