Freestone Grove Partners LP Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Freestone Grove Partners LP acquired a new stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 76,665 shares of the company's stock, valued at approximately $7,644,000. Freestone Grove Partners LP owned about 0.07% of Floor & Decor at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank lifted its stake in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Floor & Decor during the 4th quarter worth $35,000. Blue Trust Inc. grew its holdings in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Floor & Decor during the fourth quarter worth $49,000. Finally, Allworth Financial LP lifted its holdings in shares of Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after purchasing an additional 182 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on FND shares. Loop Capital dropped their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Robert W. Baird reduced their price objective 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. Finally, Mizuho decreased their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Price Performance

Floor & Decor stock traded up $2.62 during trading on Thursday, reaching $76.02. The company had a trading volume of 753,278 shares, compared to its average volume of 1,747,012. 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 Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.74. The firm has a market capitalization of $8.16 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The firm's 50-day simple moving average is $78.34 and its 200 day simple moving average is $94.23.

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, 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 firm 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 company earned $0.46 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.