Graham Capital Management L.P. Makes New $1.85 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Graham Capital Management L.P. purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,542 shares of the company's stock, valued at approximately $1,849,000.

Several other institutional investors have also made changes to their positions in FND. Capital Research Global Investors lifted its stake in Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after acquiring an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 valued at $976,319,000 after purchasing an additional 133,766 shares in the last quarter. Timucuan Asset Management Inc. FL lifted 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in Floor & Decor by 16.0% in 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 in the last quarter. Finally, Two Creeks Capital Management LP increased its position in 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 buying an additional 112,001 shares during the last quarter.

Floor & Decor Stock Performance

Shares of FND traded down $1.62 on Thursday, reaching $78.34. 1,851,040 shares of the stock traded hands, compared to its average volume of 1,778,759. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 41.23, a P/E/G ratio of 19.06 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74. 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 data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The business's revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

FND has been the topic of a number of analyst reports. Stifel Nicolaus lowered their price objective on Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Barclays dropped their price target on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. 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. Mizuho dropped their target price on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a 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 research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $93.56.

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.