Vanguard Group Inc. Purchases 380,976 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Vanguard Group Inc. lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.9% in the first quarter, HoldingsChannel.com reports. The fund owned 10,173,547 shares of the company’s stock after purchasing an additional 380,976 shares during the period. Vanguard Group Inc. owned 0.09% of Floor & Decor worth $818,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FND. Envestnet Asset Management Inc. boosted its holdings in shares of Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock worth $22,255,000 after buying an additional 13,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Floor & Decor by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company’s stock valued at $255,000 after purchasing an additional 701 shares in the last quarter. Davidson Kahn Capital Management LLC lifted its holdings in Floor & Decor by 24.0% during the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company’s stock valued at $2,446,000 after purchasing an additional 5,887 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in Floor & Decor by 32.5% during the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company’s stock valued at $25,800,000 after purchasing an additional 78,626 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Floor & Decor by 6,336.6% during the first quarter. GAMMA Investing LLC now owns 104,209 shares of the company’s stock valued at $8,386,000 after purchasing an additional 102,590 shares in the last quarter.

Wall Street Analyst Weigh In

FND has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a report on Friday, May 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $92.00 price target on shares of Floor & Decor in a research report on Tuesday. Evercore ISI reduced their price target on shares of Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 24th. Barclays cut their price objective on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley cut their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.56.

Floor & Decor Stock Up 6.8%

NYSE:FND opened at $83.58 on Wednesday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $124.68. The company has a 50-day moving average of $78.34 and a 200 day moving average of $81.62. The firm has a market cap of $9.00 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 3.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.