Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by Two Creeks Capital Management LP

Two Creeks Capital Management LP increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,587,590 shares of the company's stock after purchasing an additional 112,001 shares during the period. Floor & Decor makes up approximately 9.7% of Two Creeks Capital Management LP's portfolio, making the stock its 2nd largest position. Two Creeks Capital Management LP owned about 1.48% of Floor & Decor worth $158,283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its position in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after buying an additional 5,784,573 shares during the period. Fisher Funds Management LTD purchased a new position in Floor & Decor in the 4th quarter valued at approximately $128,797,000. Marshall Wace LLP purchased a new stake in Floor & Decor during the fourth quarter worth $109,574,000. Madison Investment Advisors LLC acquired a new stake in Floor & Decor in the fourth quarter valued at $97,552,000. Finally, Principal Financial Group Inc. raised its stake in shares of Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after buying an additional 926,208 shares during the last quarter.

Floor & Decor Stock Up 1.8 %

Floor & Decor stock opened at $68.20 on Wednesday. The company's 50-day moving average price is $83.75 and its two-hundred day moving average price is $97.14. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 19.06 and a beta of 1.86. 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 Holdings, Inc. has a 52 week low of $66.01 and a 52 week high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion during 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%. On average, analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

FND has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. lifted their target price on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. 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 research report on Friday, February 14th. Finally, Evercore ISI cut their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $103.56.

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.

Want to see what other hedge funds are holding FND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Floor & Decor Holdings, Inc. (NYSE:FND - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.