Gotham Asset Management LLC Sells 31,929 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Gotham Asset Management LLC decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,514 shares of the company's stock after selling 31,929 shares during the period. Gotham Asset Management LLC's holdings in Floor & Decor were worth $4,039,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Floor & Decor during the fourth quarter valued at approximately $38,717,000. Charles Schwab Investment Management Inc. grew its position in shares of Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock valued at $85,745,000 after acquiring an additional 30,496 shares during the period. Landscape Capital Management L.L.C. increased its stake in shares of Floor & Decor by 111.7% in the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new position in Floor & Decor in the 4th quarter worth $49,000. Finally, JPMorgan Chase & Co. lifted its position in Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after purchasing an additional 223,332 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FND shares. Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Stifel Nicolaus lowered their price target on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Robert W. Baird reduced their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Floor & Decor in a report on Monday, April 28th. Finally, Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Price Performance

Shares of FND stock traded up $0.81 on Tuesday, reaching $79.97. The company's stock had a trading volume of 318,405 shares, compared to its average volume of 2,180,056. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.24. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The stock's fifty day simple moving average is $76.58 and its 200-day simple moving average is $92.77. 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 (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $0.46 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. Analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

About Floor & Decor

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.