Capital International Investors Purchases 277,826 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Capital International Investors raised its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 26.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,341,626 shares of the company's stock after acquiring an additional 277,826 shares during the period. Capital International Investors owned approximately 1.25% of Floor & Decor worth $133,760,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Floor & Decor during the fourth quarter worth approximately $38,717,000. Sanctuary Advisors LLC increased its position in shares of Floor & Decor by 7.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock valued at $338,000 after purchasing an additional 180 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Floor & Decor by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after buying an additional 30,496 shares in the last quarter. Landscape Capital Management L.L.C. lifted its holdings in shares of Floor & Decor by 111.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock valued at $4,978,000 after buying an additional 26,344 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Floor & Decor during the fourth quarter valued at about $49,000.

Floor & Decor Stock Up 2.1 %

FND traded up $1.44 during trading on Wednesday, reaching $69.74. The company had a trading volume of 2,578,976 shares, compared to its average volume of 1,689,581. The business's fifty day moving average price is $83.20 and its 200 day moving average price is $96.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74. The company has a market cap of $7.49 billion, a P/E ratio of 36.71, a PEG ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.08 billion. Equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FND shares. JPMorgan Chase & Co. upped their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Evercore ISI reduced their target price on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Monday, February 24th. The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a report on Thursday, January 30th. Finally, Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $100.00 in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $103.56.

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.