Floor & Decor Holdings, Inc. (NYSE:FND) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,800 shares of the company's stock after acquiring an additional 4,800 shares during the quarter. Handelsbanken Fonder AB's holdings in Floor & Decor were worth $2,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Conway Capital Management Inc. purchased a new stake in Floor & Decor in the third quarter valued at approximately $1,090,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock valued at $60,067,000 after buying an additional 333,338 shares during the period. Sanctuary Advisors LLC lifted its stake in Floor & Decor by 7.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock worth $338,000 after acquiring an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Floor & Decor by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company's stock worth $103,003,000 after acquiring an additional 12,109 shares in the last quarter. Finally, Citigroup Inc. grew its position in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company's stock valued at $9,632,000 after acquiring an additional 16,569 shares in the last quarter.

Floor & Decor Stock Performance

NYSE:FND traded up $2.78 during trading hours on Tuesday, reaching $100.31. 2,648,331 shares of the company's stock were exchanged, compared to its average volume of 1,696,540. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 52.79, a P/E/G ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a 50-day moving average of $99.42 and a 200 day moving average of $106.05.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday. Gordon Haskett upgraded shares of 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. Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $110.00 in a research note on Monday. Finally, Mizuho lifted 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and an average price target of $106.68.

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.