Louisiana State Employees Retirement System Buys Shares of 29,900 Floor & Decor Holdings, Inc. (NYSE:FND)

Louisiana State Employees Retirement System purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,900 shares of the company's stock, valued at approximately $3,336,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Floor & Decor by 21.4% during the 1st quarter. BlackRock Inc. now owns 7,948,493 shares of the company's stock valued at $780,701,000 after purchasing an additional 1,401,173 shares during the last quarter. FMR LLC lifted its holdings in shares of Floor & Decor by 13.1% in the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company's stock valued at $416,816,000 after buying an additional 531,891 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Floor & Decor by 435.1% in the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company's stock valued at $59,163,000 after buying an additional 531,574 shares during the period. Barclays PLC lifted its holdings in shares of Floor & Decor by 146.1% in the 2nd quarter. Barclays PLC now owns 148,670 shares of the company's stock valued at $15,456,000 after buying an additional 470,966 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Floor & Decor in the 4th quarter worth about $42,114,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI increased their price target on Floor & Decor from $120.00 to $130.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Wells Fargo & Company downgraded Floor & Decor from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $85.00 to $105.00 in a research report on Thursday, January 4th. Barclays raised their target price on Floor & Decor from $66.00 to $75.00 and gave the company an "underweight" rating in a research report on Thursday, January 4th. Bank of America raised their target price on Floor & Decor from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Finally, Wedbush raised their target price on Floor & Decor from $115.00 to $125.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $110.67.

Insider Activity at Floor & Decor

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now directly owns 13,271 shares of the company's stock, valued at approximately $1,639,233.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Steven Alan Denny sold 5,152 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the sale, the executive vice president now directly owns 13,271 shares of the company's stock, valued at approximately $1,639,233.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Trevor Lang sold 13,000 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares of the company's stock, valued at $21,061,648.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,867 shares of company stock worth $11,016,089. Company insiders own 2.10% of the company's stock.

Floor & Decor Trading Down 1.9 %

Shares of NYSE FND traded down $2.10 during trading on Monday, reaching $110.33. The stock had a trading volume of 1,257,105 shares, compared to its average volume of 1,412,113. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The business's 50-day moving average price is $118.79 and its 200-day moving average price is $104.12. The company has a market cap of $11.78 billion, a P/E ratio of 48.60, a PEG ratio of 5.41 and a beta of 1.85.

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