Capital Research Global Investors Purchases 5,784,573 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Capital Research Global Investors lifted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 76.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,316,446 shares of the company's stock after purchasing an additional 5,784,573 shares during the period. Capital Research Global Investors owned about 12.42% of Floor & Decor worth $1,327,653,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FND. Louisiana State Employees Retirement System raised its position in shares of Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock worth $2,971,000 after buying an additional 100 shares in the last quarter. Advisory Research Inc. boosted its stake in Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock valued at $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock worth $341,000 after buying an additional 120 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock valued at $652,000 after buying an additional 122 shares during the period. Finally, Tidal Investments LLC grew its holdings in Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after acquiring an additional 130 shares during the period.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Piper Sandler dropped their target price on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Barclays raised Floor & Decor from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and upped their price target for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, Gordon Haskett cut shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $103.56.

Floor & Decor Stock Up 4.8 %

Shares of FND stock traded up $3.35 on Thursday, hitting $73.10. The company's stock had a trading volume of 978,330 shares, compared to its average volume of 2,078,796. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 38.51, a P/E/G ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.74. The firm'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 (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.