Retirement Systems of Alabama Acquires 26,362 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Retirement Systems of Alabama raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 20.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,440 shares of the company's stock after acquiring an additional 26,362 shares during the quarter. Retirement Systems of Alabama owned about 0.15% of Floor & Decor worth $19,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FND. Massachusetts Financial Services Co. MA lifted its position in shares of Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock worth $60,067,000 after purchasing an additional 333,338 shares in the last quarter. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor during the 3rd quarter worth about $1,090,000. Citigroup Inc. increased its stake in shares of Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company's stock worth $9,632,000 after purchasing an additional 16,569 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Floor & Decor by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company's stock valued at $103,003,000 after acquiring an additional 12,109 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock valued at $66,872,000 after purchasing an additional 30,310 shares during the period.

Floor & Decor Trading Down 1.3 %

FND traded down $1.44 on Friday, hitting $110.47. 1,050,200 shares of the company were exchanged, compared to its average volume of 1,480,324. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a fifty day simple moving average of $107.90 and a two-hundred day simple moving average of $107.43. The stock has a market capitalization of $11.85 billion, a PE ratio of 61.37, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm's revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on FND. Wedbush restated an "outperform" rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Wells Fargo & Company lifted their target price 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. Melius Research initiated coverage on Floor & Decor in a report on Monday, September 23rd. They set a "sell" rating and a $80.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.37.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.