Dimensional Fund Advisors LP Purchases 115,876 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Dimensional Fund Advisors LP grew its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 842,973 shares of the company’s stock after buying an additional 115,876 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.79% of Floor & Decor worth $83,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its stake in Floor & Decor by 4.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after buying an additional 96 shares during the last quarter. Vancity Investment Management Ltd grew its stake in Floor & Decor by 1.5% during the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after buying an additional 111 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Floor & Decor by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after buying an additional 120 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after buying an additional 121 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after buying an additional 138 shares during the last quarter.

Floor & Decor Trading Down 1.8 %

FND opened at $118.55 on Thursday. The firm’s fifty day moving average is $105.46 and its two-hundred day moving average is $110.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The firm has a market cap of $12.70 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

Analysts Set New Price Targets

FND has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Telsey Advisory Group reduced their target price on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Friday, August 2nd. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, August 2nd. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday. They set a “sell” rating and a $80.00 target price on the stock. Finally, Citigroup reduced their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $102.65.

Floor & Decor Profile

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.