Van Berkom & Associates Inc. Makes New $39.86 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Key Points

• Van Berkom & Associates Inc. made a significant investment of approximately $39.86 million in Floor & Decor Holdings, acquiring 495,354 shares, representing 0.46% ownership.
• In the latest quarterly results, Floor & Decor reported earnings of $0.45 EPS on revenue of $1.16 billion, with a year-over-year revenue increase of 5.8%.
• Wall Street analysts have reduced their target prices for Floor & Decor, with a consensus rating of "Hold" and an average target price of $90.33.

Van Berkom & Associates Inc. purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 495,354 shares of the company's stock, valued at approximately $39,861,000. Van Berkom & Associates Inc. owned about 0.46% of Floor & Decor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in Floor & Decor in the fourth quarter worth $38,717,000. Envestnet Asset Management Inc. raised its holdings in Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock worth $22,255,000 after purchasing an additional 13,983 shares during the period. Landscape Capital Management L.L.C. raised its holdings in Floor & Decor by 111.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after purchasing an additional 26,344 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Floor & Decor by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after purchasing an additional 701 shares during the period. Finally, Davidson Kahn Capital Management LLC raised its holdings in Floor & Decor by 24.0% in the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after purchasing an additional 5,887 shares during the period.

Floor & Decor Stock Performance

Shares of NYSE FND traded up $1.13 during mid-day trading on Friday, reaching $79.82. 1,365,738 shares of the company were exchanged, compared to its average volume of 1,760,808. The company's 50-day simple moving average is $76.91 and its 200-day simple moving average is $83.21. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $8.59 billion, a P/E ratio of 42.23, a P/E/G ratio of 2.48 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 posted its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. Floor & Decor's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. As a group, research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FND. Gordon Haskett lowered shares of Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Barclays lowered their price objective on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Mizuho lowered their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $90.33.

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.