Floor & Decor Holdings, Inc. (NYSE:FND) Stake Boosted by Long Walk Management LP

Long Walk Management LP increased its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,000 shares of the company's stock after acquiring an additional 92,500 shares during the quarter. Floor & Decor comprises about 19.9% of Long Walk Management LP's investment portfolio, making the stock its biggest position. Long Walk Management LP owned about 0.26% of Floor & Decor worth $30,679,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor in the 3rd quarter worth $30,000. Mendota Financial Group LLC acquired a new stake in Floor & Decor in the 4th quarter worth $33,000. Y.D. More Investments Ltd acquired a new stake in Floor & Decor in the 3rd quarter worth $45,000. Stephens Inc. AR grew its position in Floor & Decor by 72.5% in the 1st quarter. Stephens Inc. AR now owns 545 shares of the company's stock worth $54,000 after purchasing an additional 229 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Floor & Decor in the 1st quarter worth $57,000.

Wall Street Analysts Forecast Growth

FND has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of Floor & Decor from $120.00 to $130.00 and gave the company an "in-line" rating in a research report on Tuesday, March 26th. Guggenheim lifted their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. Telsey Advisory Group lifted their target price on shares of Floor & Decor from $95.00 to $110.00 and gave the company a "market perform" rating in a research report on Friday, February 23rd. Wells Fargo & Company lowered shares of Floor & Decor from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $85.00 to $105.00 in a research report on Thursday, January 4th. Finally, Barclays boosted their price target on shares of Floor & Decor from $66.00 to $75.00 and gave the company an "underweight" rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $109.95.

Insider Buying and Selling

In related news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares of the company's stock, valued at $2,088,200.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is owned by insiders.

Floor & Decor Stock Up 0.9 %

Shares of Floor & Decor stock traded up $1.08 on Tuesday, hitting $122.69. The company had a trading volume of 724,297 shares, compared to its average volume of 1,414,235. The firm has a market capitalization of $13.10 billion, a P/E ratio of 53.51, a P/E/G ratio of 5.74 and a beta of 1.85. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The stock has a 50-day moving average of $117.60 and a 200-day moving average of $103.24.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm's revenue was up .0% on a year-over-year basis. Research analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.