Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Xn LP

Xn LP reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,738 shares of the company’s stock after selling 623,486 shares during the period. Floor & Decor makes up 2.4% of Xn LP’s holdings, making the stock its 15th largest position. Xn LP’s holdings in Floor & Decor were worth $61,190,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Floor & Decor during the 4th quarter valued at about $38,717,000. Charles Schwab Investment Management Inc. increased its position in Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock valued at $85,745,000 after buying an additional 30,496 shares in the last quarter. Landscape Capital Management L.L.C. increased its position in Floor & Decor by 111.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company’s stock valued at $4,978,000 after buying an additional 26,344 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Floor & Decor during the 4th quarter valued at about $49,000. Finally, JPMorgan Chase & Co. grew its stake in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 shares during the last quarter.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $79.19 on Tuesday. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.24. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 19.06 and a beta of 1.79. The stock’s 50 day moving average price is $76.58 and its 200 day moving average price is $92.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.46 EPS. The company’s revenue was up 5.8% on a year-over-year basis. Equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FND has been the topic of a number of recent research reports. Barclays lowered their target price on Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, May 2nd. Mizuho decreased their target price on Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $93.56.

Floor & Decor 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.