Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Untitled Investments LP

Untitled Investments LP grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 122.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 242,815 shares of the company's stock after acquiring an additional 133,685 shares during the period. Floor & Decor accounts for approximately 5.9% of Untitled Investments LP's investment portfolio, making the stock its 8th biggest position. Untitled Investments LP owned 0.23% of Floor & Decor worth $24,209,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors increased its stake 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 in the last quarter. Fisher Funds Management LTD acquired a new position in Floor & Decor during the 4th quarter valued at about $128,797,000. Marshall Wace LLP bought a new stake in Floor & Decor during the fourth quarter worth $109,574,000. Madison Investment Advisors LLC purchased a new stake in shares of Floor & Decor in the fourth quarter valued at about $97,552,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Floor & Decor by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock valued at $146,037,000 after acquiring an additional 926,208 shares in the last quarter.

Floor & Decor Stock Performance

NYSE:FND opened at $72.46 on Tuesday. The firm has a market capitalization of $7.78 billion, a PE ratio of 38.14, a PEG ratio of 19.06 and a beta of 1.86. The stock's fifty day moving average is $81.73 and its 200 day moving average is $95.87. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted 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. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday. Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. The Goldman Sachs Group downgraded shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Finally, Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $102.17.

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.

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