Norges Bank Takes Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Norges Bank acquired a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 388,339 shares of the company's stock, valued at approximately $38,717,000. Norges Bank owned approximately 0.36% of Floor & Decor at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after acquiring an additional 133,766 shares in the last quarter. LPL Financial LLC raised its holdings in Floor & Decor by 62.4% during the fourth quarter. LPL Financial LLC now owns 19,968 shares of the company's stock valued at $1,991,000 after buying an additional 7,670 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Floor & Decor during the fourth quarter valued at about $2,054,000. Virtu Financial LLC bought a new position in Floor & Decor during the fourth quarter valued at about $539,000. Finally, Teacher Retirement System of Texas grew its position in shares of Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock valued at $652,000 after purchasing an additional 122 shares during the last quarter.

Floor & Decor Trading Down 6.0 %

FND traded down $4.72 during trading on Thursday, reaching $73.48. 432,791 shares of the company's stock were exchanged, compared to its average volume of 1,643,933. The company's fifty day moving average price is $88.86 and its 200-day moving average price is $100.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.74. The firm has a market capitalization of $7.89 billion, a PE ratio of 38.67, a P/E/G ratio of 19.06 and a beta of 1.86.

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Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly 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. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FND shares. 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 research report on Monday, February 24th. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and cut their target price for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Two investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $103.56.

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.