Fisher Funds Management LTD Buys Shares of 1,289,707 Floor & Decor Holdings, Inc. (NYSE:FND)

Fisher Funds Management LTD purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,289,707 shares of the company’s stock, valued at approximately $128,797,000. Floor & Decor makes up about 3.1% of Fisher Funds Management LTD’s investment portfolio, making the stock its 7th biggest holding. Fisher Funds Management LTD owned 1.20% of Floor & Decor as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. increased its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the period. Quarry LP purchased a new position in shares of Floor & Decor during the 3rd quarter valued at $34,000. Bank of Jackson Hole Trust acquired a new position in shares of Floor & Decor in the fourth quarter worth $49,000. Allworth Financial LP raised its holdings in shares of Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after acquiring an additional 182 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Floor & Decor during the third quarter valued at $74,000.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $94.25 on Friday. 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 business has a 50 day moving average price of $99.62 and a 200 day moving average price of $105.99. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Research analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average target price of $106.16.

Floor & Decor Company 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.