Wellington Management Group LLP Has $50.43 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Wellington Management Group LLP cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 29.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 505,799 shares of the company's stock after selling 206,170 shares during the quarter. Wellington Management Group LLP owned 0.47% of Floor & Decor worth $50,428,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FND. JPMorgan Chase & Co. increased its holdings in shares of Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after purchasing an additional 223,332 shares during the period. Blue Trust Inc. increased its stake in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after acquiring an additional 166 shares during the last quarter. KBC Group NV increased its stake in Floor & Decor by 51.8% in the fourth quarter. KBC Group NV now owns 4,288 shares of the company's stock valued at $428,000 after acquiring an additional 1,463 shares during the last quarter. Chicago Capital LLC bought a new position in Floor & Decor in the fourth quarter valued at approximately $405,000. Finally, Live Oak Private Wealth LLC increased its stake in Floor & Decor by 0.8% in the fourth quarter. Live Oak Private Wealth LLC now owns 50,841 shares of the company's stock valued at $5,069,000 after acquiring an additional 393 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective 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. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Barclays decreased their price objective 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. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Monday, April 28th. Finally, Stifel Nicolaus decreased 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Trading Down 1.7%

FND stock traded down $1.25 during midday trading on Friday, hitting $71.66. The stock had a trading volume of 1,565,722 shares, compared to its average volume of 1,820,303. The firm has a market cap of $7.71 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.24. The business has a fifty day moving average price of $74.66 and a two-hundred day moving average price of $90.98.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. Floor & Decor's revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.