Penn Capital Management Company LLC Cuts Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Penn Capital Management Company LLC trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 63.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,880 shares of the company's stock after selling 10,010 shares during the quarter. Penn Capital Management Company LLC's holdings in Floor & Decor were worth $586,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in shares of Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Floor & Decor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after purchasing an additional 133,766 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its stake in Floor & Decor by 0.4% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after purchasing an additional 7,329 shares during the period. JPMorgan Chase & Co. grew its holdings in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after buying an additional 223,332 shares in the last quarter. Finally, Two Creeks Capital Management LP raised its position in shares of Floor & Decor by 7.6% during the fourth quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company's stock valued at $158,283,000 after buying an additional 112,001 shares during the last quarter.

Floor & Decor Trading Down 0.3 %

Shares of NYSE:FND traded down $0.21 during trading on Monday, reaching $72.46. 2,561,955 shares of the company were exchanged, compared to its average volume of 1,701,639. The business's fifty day simple moving average is $81.73 and its 200-day simple moving average is $95.87. 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 firm has a market capitalization of $7.78 billion, a PE ratio of 38.14, a P/E/G ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS 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 for the quarter, compared to the consensus estimate of $1.08 billion. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FND shares. The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Stifel Nicolaus raised Floor & Decor from a "hold" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Wedbush lowered Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Barclays raised Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their target price 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. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.