Renaissance Technologies LLC Makes New $1.24 Million Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

Renaissance Technologies LLC purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,400 shares of the company's stock, valued at approximately $1,236,000.

Several other institutional investors have also recently made changes to their positions in FND. Wilmington Savings Fund Society FSB acquired a new stake in shares of Floor & Decor in the 3rd quarter worth $74,000. Tidal Investments LLC boosted its holdings in Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after acquiring an additional 130 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Floor & Decor by 20.0% during the third quarter. Retirement Systems of Alabama now owns 158,440 shares of the company's stock worth $19,673,000 after acquiring an additional 26,362 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after acquiring an additional 30,310 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after acquiring an additional 223,332 shares in the last quarter.

Floor & Decor Price Performance

Shares of FND traded down $0.98 during mid-day trading on Monday, hitting $73.08. The company's stock had a trading volume of 151,407 shares, compared to its average volume of 2,153,736. The firm has a 50-day simple moving average of $79.84 and a 200 day simple moving average of $94.78. The firm has a market capitalization of $7.85 billion, a P/E ratio of 38.52, a P/E/G ratio of 19.06 and a beta of 1.79. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FND shares. Piper Sandler dropped their price objective on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday. Guggenheim reduced their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Friday. Stifel Nicolaus reduced their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday. Barclays dropped their price objective 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. Finally, JPMorgan Chase & Co. upped their target price on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $94.65.

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.