KLP Kapitalforvaltning AS Makes New Investment in Floor & Decor Holdings, Inc. (NYSE:FND)

KLP Kapitalforvaltning AS acquired a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,600 shares of the company’s stock, valued at approximately $2,054,000.

Several other hedge funds have also recently modified their holdings of FND. FMR LLC increased its holdings in Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after acquiring an additional 1,291,214 shares during the last quarter. Fisher Funds Management LTD bought a new stake in shares of Floor & Decor in the fourth quarter worth about $128,797,000. Madison Investment Advisors LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth about $97,552,000. Principal Financial Group Inc. boosted its stake in Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock valued at $146,037,000 after buying an additional 926,208 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Floor & Decor during the fourth quarter valued at approximately $54,640,000.

Floor & Decor Price Performance

FND opened at $83.42 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $94.72 and a 200 day moving average of $103.13. Floor & Decor Holdings, Inc. has a 52-week low of $80.82 and a 52-week high of $130.57. The stock has a market cap of $8.96 billion, a P/E ratio of 43.91, a PEG ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 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 firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, February 21st. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average price target of $104.11.

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.