Vanguard Group Inc. Has $818.67 Million Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Vanguard Group Inc. boosted its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,173,547 shares of the company's stock after purchasing an additional 380,976 shares during the quarter. Vanguard Group Inc. owned about 9.47% of Floor & Decor worth $818,665,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after buying an additional 255 shares during the period. Signaturefd LLC increased its stake in Floor & Decor by 18.5% during the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $141,000 after buying an additional 273 shares during the period. CWM LLC increased its stake in Floor & Decor by 67.6% during the 1st quarter. CWM LLC now owns 2,105 shares of the company's stock valued at $169,000 after buying an additional 849 shares during the period. J.Safra Asset Management Corp increased its stake in Floor & Decor by 71.9% during the 1st quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock valued at $173,000 after buying an additional 897 shares during the period. Finally, Forum Financial Management LP acquired a new position in Floor & Decor during the 4th quarter valued at about $202,000.

Floor & Decor Trading Up 1.3%

Shares of Floor & Decor stock traded up $1.03 during trading on Friday, hitting $83.41. The stock had a trading volume of 1,442,442 shares, compared to its average volume of 1,999,037. The stock has a 50 day simple moving average of $79.03 and a 200 day simple moving average of $81.20. The company has a market capitalization of $8.98 billion, a PE ratio of 42.77, a P/E/G ratio of 3.58 and a beta of 1.68. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $124.68.

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, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion during 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%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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. The Goldman Sachs Group lowered their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research note on Friday, May 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Mizuho lowered their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $88.56.

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.