Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 20.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 944,933 shares of the company's stock after buying an additional 162,030 shares during the period. Northern Trust Corp owned 0.88% of Floor & Decor worth $94,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors grew its stake in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after buying an additional 5,784,573 shares during the period. Fisher Funds Management LTD acquired a new stake in Floor & Decor in the 4th quarter valued at $128,797,000. Marshall Wace LLP purchased a new position in Floor & Decor in the fourth quarter valued at about $109,574,000. Madison Investment Advisors LLC acquired a new position in shares of Floor & Decor during the fourth quarter worth about $97,552,000. Finally, Principal Financial Group Inc. boosted its position 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 worth $146,037,000 after buying an additional 926,208 shares during the period.

Floor & Decor Stock Performance

Shares of NYSE:FND traded up $0.33 on Friday, reaching $75.52. 1,792,585 shares of the company's stock were exchanged, compared to its average volume of 1,762,136. The business's 50-day moving average is $77.77 and its two-hundred day moving average is $93.75. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.74. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND - Get Free Report) last issued its 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 firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Floor & Decor's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

FND has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, May 2nd. Barclays decreased their target price on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Guggenheim dropped their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research note 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 research report on Tuesday. Finally, Wells Fargo & Company dropped their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $93.56.

Floor & Decor Company 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.