Timucuan Asset Management Inc. FL Has $178.56 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Timucuan Asset Management Inc. FL increased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,790,938 shares of the company's stock after purchasing an additional 7,329 shares during the period. Floor & Decor makes up about 5.5% of Timucuan Asset Management Inc. FL's holdings, making the stock its 9th biggest position. Timucuan Asset Management Inc. FL owned 1.67% of Floor & Decor worth $178,557,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Fisher Funds Management LTD bought a new position in shares of Floor & Decor during the 4th quarter worth approximately $128,797,000. Madison Investment Advisors LLC bought a new position in Floor & Decor during the fourth quarter worth $97,552,000. Principal Financial Group Inc. grew its holdings in Floor & Decor by 172.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after purchasing an additional 926,208 shares during the period. Raymond James Financial Inc. bought a new stake in Floor & Decor in the fourth quarter valued at $54,640,000. Finally, Norges Bank acquired a new position in shares of Floor & Decor during the fourth quarter valued at about $38,717,000.

Wall Street Analyst Weigh In

FND has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Evercore ISI cut their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Piper Sandler lowered their price objective on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $103.56.

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Floor & Decor Stock Performance

Shares of FND stock traded down $1.04 during trading hours on Tuesday, hitting $72.00. 2,220,132 shares of the company were exchanged, compared to its average volume of 2,080,292. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 37.90, a P/E/G ratio of 19.06 and a beta of 1.86. The firm has a fifty day simple moving average of $87.31 and a 200 day simple moving average of $99.07. 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 released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

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.