Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 14,218 shares of Floor & Decor Holdings, Inc. for approximately $1.14 million during the first quarter.
• Floor & Decor reported $1.21 billion in revenue for the quarter, with earnings per share (EPS) of $0.58, exceeding analysts' expectations.
• Several institutional investors have significantly increased their stakes in Floor & Decor, including Capital Research Global Investors which grew its position by 76.8%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,218 shares of the company's stock, valued at approximately $1,144,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FND. Capital Research Global Investors boosted its holdings in Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after purchasing an additional 5,784,573 shares during the period. Principal Financial Group Inc. increased its position in Floor & Decor by 106.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after purchasing an additional 1,558,409 shares during the period. Timucuan Asset Management Inc. FL grew its holdings in shares of Floor & Decor by 0.4% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after acquiring an additional 7,329 shares during the period. Two Creeks Capital Management LP grew its holdings in shares of Floor & Decor by 7.6% in the 4th quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after acquiring an additional 112,001 shares during the period. Finally, Fisher Funds Management LTD grew its holdings in shares of Floor & Decor by 21.6% in the 1st quarter. Fisher Funds Management LTD now owns 1,568,794 shares of the company's stock worth $126,241,000 after acquiring an additional 279,087 shares during the period.

Floor & Decor Price Performance

Shares of NYSE FND traded down $2.14 during trading on Wednesday, hitting $80.42. The company had a trading volume of 704,179 shares, compared to its average volume of 2,065,615. The business's 50-day moving average is $77.51 and its 200 day moving average is $82.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. Floor & Decor Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $124.68. The company has a market cap of $8.65 billion, a P/E ratio of 41.24, a PEG ratio of 3.49 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. Floor & Decor's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FND shares. Morgan Stanley lowered their target price on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Loop Capital lowered their target price on 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 decreased 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. Mizuho decreased their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Robert W. Baird cut their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $88.56.

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.