Floor & Decor Holdings, Inc. (NYSE:FND) Stock Holdings Lifted by Untitled Investments LP

Untitled Investments LP grew its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 122.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 242,815 shares of the company’s stock after purchasing an additional 133,685 shares during the quarter. Floor & Decor makes up about 5.9% of Untitled Investments LP’s portfolio, making the stock its 8th biggest holding. Untitled Investments LP’s holdings in Floor & Decor were worth $24,209,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Louisiana State Employees Retirement System increased its holdings in shares of Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after buying an additional 100 shares during the last quarter. Advisory Research Inc. increased its stake in Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after acquiring an additional 115 shares during the last quarter. Corient Private Wealth LLC increased its stake in Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after acquiring an additional 120 shares during the last quarter. Teacher Retirement System of Texas raised its position in 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 period. Finally, Tidal Investments LLC lifted its stake in shares of Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after purchasing an additional 130 shares during the last quarter.

Floor & Decor Price Performance

FND stock opened at $72.46 on Tuesday. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.74. The firm has a market capitalization of $7.78 billion, a P/E ratio of 38.14, a P/E/G ratio of 19.06 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The business’s 50-day moving average is $81.73 and its two-hundred day moving average is $95.87.

Floor & Decor (NYSE:FND) last issued its quarterly 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 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 the consensus estimate of $1.08 billion. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on FND shares. JPMorgan Chase & Co. raised their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Monday. Evercore ISI decreased their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Gordon Haskett cut shares of Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.17.

About Floor & Decor

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.