PineStone Asset Management Inc. Has $10.42 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

PineStone Asset Management Inc. boosted its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,500 shares of the company's stock after purchasing an additional 7,500 shares during the period. PineStone Asset Management Inc. owned about 0.10% of Floor & Decor worth $10,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. State Street Corp lifted its stake in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company's stock valued at $468,097,000 after acquiring an additional 222,980 shares during the last quarter. Wasatch Advisors LP lifted its stake in Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company's stock valued at $279,732,000 after acquiring an additional 85,299 shares during the last quarter. Geode Capital Management LLC lifted its stake in Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock valued at $222,357,000 after acquiring an additional 24,509 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after acquiring an additional 223,332 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FND shares. Telsey Advisory Group upgraded shares of Floor & Decor from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $95.00 to $115.00 in a research note on Friday, February 14th. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $105.39.

Floor & Decor Price Performance

Floor & Decor stock traded down $3.28 during midday trading on Wednesday, reaching $95.42. The company's stock had a trading volume of 1,541,628 shares, compared to its average volume of 1,478,919. Floor & Decor Holdings, Inc. has a 52 week low of $89.06 and a 52 week 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. The business has a 50-day moving average price of $100.33 and a 200-day moving average price of $106.04. The stock has a market cap of $10.23 billion, a PE ratio of 53.01, a price-to-earnings-growth ratio of 19.97 and a beta of 1.83.

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.