Fisher Funds Management LTD Buys Shares of 1,289,707 Floor & Decor Holdings, Inc. (NYSE:FND)

Fisher Funds Management LTD acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,289,707 shares of the company's stock, valued at approximately $128,797,000. Floor & Decor comprises about 3.1% of Fisher Funds Management LTD's holdings, making the stock its 7th largest holding. Fisher Funds Management LTD owned approximately 1.20% of Floor & Decor at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company's stock valued at $34,000 after buying an additional 196 shares during the last quarter. Quarry LP purchased a new stake in shares of Floor & Decor during the third quarter valued at $34,000. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor during the fourth quarter valued at $49,000. Allworth Financial LP boosted its position in shares of Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after buying an additional 182 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Floor & Decor during the third quarter valued at $74,000.

Analysts Set New Price Targets

Several research firms recently commented on FND. Stifel Nicolaus increased their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Gordon Haskett raised Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a report on Friday. Mizuho increased their target price on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Finally, Wells Fargo & Company increased their target price on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $106.16.

Floor & Decor Price Performance

FND traded up $1.41 on Friday, hitting $94.25. 4,833,841 shares of the company's stock traded hands, compared to its average volume of 1,505,525. The company's 50 day simple moving average is $99.62 and its 200-day simple moving average is $105.99. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 49.61, a P/E/G ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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

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.