Xn LP Decreases Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

XN LP lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 50.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 613,738 shares of the company's stock after selling 623,486 shares during the quarter. Floor & Decor makes up approximately 2.4% of XN LP's investment portfolio, making the stock its 15th largest holding. XN LP owned approximately 0.57% of Floor & Decor worth $61,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors increased its position in Floor & Decor by 76.8% during the 4th 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. Vanguard Group Inc. grew its position in shares of Floor & Decor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after buying an additional 133,766 shares during the period. Timucuan Asset Management Inc. FL grew its position in shares of Floor & Decor by 0.4% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after buying an additional 7,329 shares during the period. JPMorgan Chase & Co. grew its position in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after buying an additional 223,332 shares during the period. Finally, Two Creeks Capital Management LP grew its position in shares of Floor & Decor by 7.6% during the 4th quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after buying an additional 112,001 shares during the period.

Floor & Decor Stock Down 1.0%

NYSE:FND traded down $0.74 during trading hours on Friday, hitting $73.38. 1,634,251 shares of the company traded hands, compared to its average volume of 1,811,998. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm's 50-day simple moving average is $75.80 and its 200-day simple moving average is $92.00. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.24. The company has a market cap of $7.90 billion, a PE ratio of 38.62, a PEG ratio of 19.06 and a beta of 1.79.

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

Wall Street Analysts Forecast Growth

FND has been the subject of several recent analyst reports. Evercore ISI reduced their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. JPMorgan Chase & Co. raised their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Mizuho cut their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group cut their target price on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a report on Friday, May 2nd. Finally, Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Floor & Decor presently has an average rating of "Hold" and an average target price of $93.56.

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.