Fred Alger Management LLC Has $3.07 Million Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Fred Alger Management LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,818 shares of the company's stock after selling 22,237 shares during the quarter. Fred Alger Management LLC's holdings in Floor & Decor were worth $3,073,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Capital Research Global Investors raised its position in shares of Floor & Decor by 76.8% in 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. Vanguard Group Inc. increased its position in shares of Floor & Decor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after purchasing an additional 133,766 shares during the last quarter. Timucuan Asset Management Inc. FL raised its stake in shares of Floor & Decor by 0.4% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock valued at $178,557,000 after purchasing an additional 7,329 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 last quarter. Finally, Two Creeks Capital Management LP lifted its position in shares of Floor & Decor by 7.6% during the fourth quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock worth $158,283,000 after purchasing an additional 112,001 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Robert W. Baird decreased their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Loop Capital decreased their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Gordon Haskett lowered shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Wells Fargo & Company reduced their price target on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Guggenheim decreased their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Two investment 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 stock presently has a consensus rating of "Hold" and an average target price of $93.56.

Floor & Decor Stock Performance

Shares of NYSE FND traded down $1.88 during midday trading on Thursday, hitting $78.08. 1,045,805 shares of the company's stock were exchanged, compared to its average volume of 1,775,780. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $126.74. The firm has a market cap of $8.39 billion, a P/E ratio of 41.02, a PEG ratio of 19.06 and a beta of 1.79. The stock's 50 day moving average price is $77.29 and its 200-day moving average price is $93.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.