Renaissance Technologies LLC acquired a new position in Floor & Decor Holdings Inc (NYSE:FND) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 285,600 shares of the company’s stock, valued at approximately $13,903,000.
Several other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Floor & Decor by 3.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,475,633 shares of the company’s stock worth $120,514,000 after purchasing an additional 71,772 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Floor & Decor by 38.6% in the 4th quarter. Geode Capital Management LLC now owns 237,103 shares of the company’s stock worth $11,542,000 after purchasing an additional 66,084 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Floor & Decor by 14.2% in the 4th quarter. Lazard Asset Management LLC now owns 279,182 shares of the company’s stock worth $13,590,000 after purchasing an additional 34,777 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Floor & Decor in the 4th quarter worth $214,000. Finally, Carillon Tower Advisers Inc. acquired a new stake in Floor & Decor during the 4th quarter worth about $23,782,000. 94.09% of the stock is owned by hedge funds and other institutional investors.
FND has been the subject of a number of research reports. Gordon Haskett initiated coverage on Floor & Decor in a research report on Thursday, February 15th. They set an “accumulate” rating and a $50.00 price target for the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $47.00) on shares of Floor & Decor in a research report on Monday, January 8th. Wells Fargo set a $45.00 price target on Floor & Decor and gave the stock a “hold” rating in a research report on Monday, January 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Floor & Decor in a research report on Monday, March 5th. Finally, Zacks Investment Research cut Floor & Decor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.59.
NYSE FND opened at $52.12 on Monday. The stock has a market cap of $4,977.93 and a price-to-earnings ratio of 75.54. Floor & Decor Holdings Inc has a fifty-two week low of $29.37 and a fifty-two week high of $52.78. The company has a quick ratio of 0.21, a current ratio of 1.40 and a debt-to-equity ratio of 0.42.
Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $389.50 million during the quarter, compared to analyst estimates of $388.63 million. Floor & Decor had a return on equity of 21.26% and a net margin of 7.42%. The company’s revenue was up 40.0% compared to the same quarter last year. analysts forecast that Floor & Decor Holdings Inc will post 0.99 EPS for the current year.
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About Floor & Decor
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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