Summit Creek Advisors LLC Has $489,000 Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Summit Creek Advisors LLC lifted its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) by 18.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,038 shares of the company’s stock after buying an additional 937 shares during the period. Summit Creek Advisors LLC’s holdings in Floor & Decor were worth $489,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FND. WCM Investment Management LLC raised its holdings in shares of Floor & Decor by 1.3% in the 1st quarter. WCM Investment Management LLC now owns 3,110,543 shares of the company’s stock valued at $251,954,000 after purchasing an additional 40,808 shares during the period. State Street Corp raised its holdings in shares of Floor & Decor by 10.6% in the 4th quarter. State Street Corp now owns 2,159,497 shares of the company’s stock valued at $280,756,000 after purchasing an additional 206,424 shares during the period. Invesco Ltd. raised its holdings in shares of Floor & Decor by 13.6% in the 4th quarter. Invesco Ltd. now owns 2,024,606 shares of the company’s stock valued at $263,218,000 after purchasing an additional 242,775 shares during the period. Geode Capital Management LLC raised its holdings in shares of Floor & Decor by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,259,714 shares of the company’s stock valued at $163,775,000 after purchasing an additional 33,169 shares during the period. Finally, Congress Asset Management Co. MA raised its holdings in shares of Floor & Decor by 1.5% in the 1st quarter. Congress Asset Management Co. MA now owns 1,203,961 shares of the company’s stock valued at $97,521,000 after purchasing an additional 17,232 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FND shares. Wedbush lowered their price target on shares of Floor & Decor from $130.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, May 6th. Citigroup decreased their target price on shares of Floor & Decor from $137.00 to $106.00 in a research report on Friday, May 13th. The Goldman Sachs Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $109.00 to $64.00 in a research report on Monday, June 27th. Gordon Haskett lowered shares of Floor & Decor from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. Finally, Morgan Stanley decreased their target price on shares of Floor & Decor from $120.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.07.

Floor & Decor Stock Up 13.5 %

FND traded up $11.06 during midday trading on Friday, hitting $92.92. The company had a trading volume of 3,369,778 shares, compared to its average volume of 1,400,994. Floor & Decor Holdings, Inc. has a 52 week low of $59.91 and a 52 week high of $145.89. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.20 and a beta of 1.85. The stock’s 50 day moving average price is $72.97 and its 200 day moving average price is $83.83.

Floor & Decor (NYSE:FNDGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Floor & Decor had a net margin of 7.09% and a return on equity of 19.85%. The business’s revenue was up 26.7% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2.84 earnings per share for the current fiscal year.

Floor & Decor Company Profile

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)

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