Marshall Wace LLP Takes Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Marshall Wace LLP bought a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,168 shares of the company’s stock, valued at approximately $1,508,000.

Several other hedge funds have also recently bought and sold shares of the stock. KBC Group NV acquired a new position in shares of Floor & Decor during the fourth quarter worth about $200,000. Rafferty Asset Management LLC raised its holdings in shares of Floor & Decor by 27.8% in the fourth quarter. Rafferty Asset Management LLC now owns 32,786 shares of the company’s stock valued at $3,658,000 after purchasing an additional 7,140 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Floor & Decor by 615.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,519 shares of the company’s stock worth $2,401,000 after purchasing an additional 18,512 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Floor & Decor in the fourth quarter valued at $852,000. Finally, Pinebridge Investments L.P. increased its stake in Floor & Decor by 37.5% in the 4th quarter. Pinebridge Investments L.P. now owns 11,098 shares of the company’s stock valued at $1,238,000 after buying an additional 3,026 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup dropped their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Stifel Nicolaus boosted their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company cut their price target on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. TD Cowen lowered their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average price target of $104.42.

Floor & Decor Stock Down 5.3 %

FND opened at $111.96 on Friday. 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 stock has a fifty day moving average of $109.17 and a 200-day moving average of $110.81. 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 market capitalization of $11.98 billion, a P/E ratio of 54.09, a P/E/G ratio of 2.46 and a beta of 1.80.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

Floor & Decor Company 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.