Rhumbline Advisers boosted its holdings in Floor & Decor Holdings Inc (NYSE:FND) by 49.1% in the 2nd quarter, Holdings Channel reports. The firm owned 41,736 shares of the company’s stock after buying an additional 13,735 shares during the quarter. Rhumbline Advisers’ holdings in Floor & Decor were worth $2,059,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bamco Inc. NY increased its stake in Floor & Decor by 27.0% in the first quarter. Bamco Inc. NY now owns 1,020,922 shares of the company’s stock valued at $53,210,000 after purchasing an additional 216,900 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Floor & Decor by 12,905.9% in the first quarter. Neuberger Berman Group LLC now owns 806,365 shares of the company’s stock valued at $42,028,000 after purchasing an additional 800,165 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Floor & Decor in the first quarter valued at $24,820,000. Columbus Circle Investors increased its stake in Floor & Decor by 57.2% in the first quarter. Columbus Circle Investors now owns 444,000 shares of the company’s stock valued at $23,141,000 after purchasing an additional 161,551 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its stake in Floor & Decor by 80.5% in the second quarter. Hodges Capital Management Inc. now owns 381,645 shares of the company’s stock valued at $18,827,000 after purchasing an additional 170,240 shares during the last quarter.

In other news, EVP Brian K. Robbins sold 17,044 shares of the company’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $50.00, for a total value of $852,200.00. Following the completion of the sale, the executive vice president now owns 10,343 shares of the company’s stock, valued at $517,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Vincent West sold 240,000 shares of the company’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $54.42, for a total value of $13,060,800.00. Following the completion of the sale, the director now directly owns 167,938 shares of the company’s stock, valued at approximately $9,139,185.96. The disclosure for this sale can be found here. Insiders sold 353,569 shares of company stock valued at $19,195,371 in the last ninety days. Company insiders own 8.20% of the company’s stock.

Shares of NYSE:FND opened at $37.43 on Thursday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 54.25, a PEG ratio of 1.53 and a beta of -1.77. The company has a quick ratio of 0.21, a current ratio of 1.50 and a debt-to-equity ratio of 0.29. Floor & Decor Holdings Inc has a 12 month low of $34.33 and a 12 month high of $58.28.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $434.28 million during the quarter, compared to analyst estimates of $436.17 million. Floor & Decor had a return on equity of 19.93% and a net margin of 9.10%. The firm’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. research analysts predict that Floor & Decor Holdings Inc will post 0.96 EPS for the current fiscal year.

Several research firms recently commented on FND. TheStreet lowered Floor & Decor from a “c-” rating to a “d+” rating in a research note on Friday, August 31st. Longbow Research began coverage on Floor & Decor in a research note on Friday, August 24th. They set a “buy” rating and a $50.00 price target for the company. William Blair restated an “outperform” rating on shares of Floor & Decor in a research note on Thursday, August 23rd. Jefferies Financial Group upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, August 21st. Finally, Wells Fargo & Co upgraded Floor & Decor from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $42.00 to $40.00 in a research note on Friday, August 10th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $48.44.

Floor & Decor Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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

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