Floor & Decor Holdings, Inc. (NYSE:FND) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 6,336.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,209 shares of the company’s stock after acquiring an additional 102,590 shares during the period. GAMMA Investing LLC owned 0.10% of Floor & Decor worth $8,386,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its position in shares of Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Floor & Decor by 12,208.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after buying an additional 1,316,484 shares during the period. Fisher Funds Management LTD acquired a new position in shares of Floor & Decor in the fourth quarter worth about $128,797,000. Marshall Wace LLP acquired a new position in shares of Floor & Decor in the fourth quarter worth about $109,574,000. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Floor & Decor during the 4th quarter valued at $97,552,000.

Floor & Decor Stock Down 1.5%

NYSE:FND opened at $71.44 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a market cap of $7.69 billion, a P/E ratio of 37.60, a P/E/G ratio of 19.06 and a beta of 1.71. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.24. The firm has a 50-day simple moving average of $73.73 and a two-hundred day simple moving average of $89.82.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FND. The Goldman Sachs Group cut their price objective on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus reduced their target price on shares of Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Mizuho reduced their price target on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Evercore ISI dropped their price objective on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Finally, Wells Fargo & Company lowered their price target on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $93.56.

Floor & Decor Company 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.