Susquehanna Fundamental Investments LLC Acquires Shares of 92,617 Floor & Decor Holdings, Inc. (NYSE:FND)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 92,617 shares of the company's stock, valued at approximately $9,234,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Floor & Decor at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FND. Norges Bank bought a new position in shares of Floor & Decor during the 4th quarter valued at about $38,717,000. Charles Schwab Investment Management Inc. grew its position in Floor & Decor by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock valued at $85,745,000 after acquiring an additional 30,496 shares during the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of Floor & Decor by 111.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after acquiring an additional 26,344 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Floor & Decor in the 4th quarter valued at $49,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after purchasing an additional 223,332 shares during the last quarter.

Floor & Decor Stock Up 2.7 %

Floor & Decor stock traded up $1.96 during trading hours on Friday, hitting $74.21. 6,096,879 shares of the stock traded hands, compared to its average volume of 1,738,675. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The firm's 50-day moving average price is $79.84 and its two-hundred day moving average price is $94.87. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market cap of $7.97 billion, a PE ratio of 39.06, a PEG ratio of 19.06 and a beta of 1.79.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Guggenheim lowered their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday. Barclays dropped their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday. Mizuho decreased their price target on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and a consensus price target of $96.33.

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.