Gilder Gagnon Howe & Co. LLC acquired a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, Holdings Channel reports. The fund acquired 2,022,163 shares of the company’s stock, valued at approximately $79,390,000. Floor & Decor Holdings makes up approximately 1.2% of Gilder Gagnon Howe & Co. LLC’s holdings, making the stock its 23rd largest position.

Other large investors also recently made changes to their positions in the company. Spark Investment Management LLC bought a new stake in shares of Floor & Decor Holdings during the second quarter worth about $2,100,000. Fisher Asset Management LLC bought a new stake in shares of Floor & Decor Holdings during the second quarter worth about $788,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Floor & Decor Holdings during the second quarter worth about $662,000. Institutional investors own 2.24% of the company’s stock.

Shares of Floor & Decor Holdings, Inc. (NYSE FND) opened at 34.44 on Monday. The company has a market cap of $3.24 billion and a PE ratio of 50.72. Floor & Decor Holdings, Inc. has a 1-year low of $29.37 and a 1-year high of $46.99. The company has a 50-day moving average price of $37.85 and a 200-day moving average price of $37.72.

Floor & Decor Holdings (NYSE:FND) last announced its earnings results on Thursday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company had revenue of $344 million for the quarter, compared to analysts’ expectations of $343.73 million. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. Equities research analysts expect that Floor & Decor Holdings, Inc. will post $0.60 earnings per share for the current fiscal year.

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FND has been the topic of a number of analyst reports. Bank of America Corporation reiterated a “neutral” rating and set a $42.00 price objective (up previously from $40.00) on shares of Floor & Decor Holdings in a research note on Sunday, May 28th. Jefferies Group LLC initiated coverage on Floor & Decor Holdings in a research note on Monday, May 22nd. They set a “hold” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded Floor & Decor Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Monday, July 24th. Wedbush initiated coverage on Floor & Decor Holdings in a research note on Wednesday, June 14th. They set a “neutral” rating and a $45.00 price objective on the stock. Finally, Piper Jaffray Companies initiated coverage on Floor & Decor Holdings in a research note on Monday, May 22nd. They set a “neutral” rating and a $40.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Floor & Decor Holdings presently has a consensus rating of “Hold” and an average target price of $41.33.

In related news, major shareholder Corporate Opportunities F. Ares sold 6,772,781 shares of Floor & Decor Holdings stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total transaction of $260,752,068.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Trevor Lang sold 46,200 shares of Floor & Decor Holdings stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $1,778,700.00. Following the sale, the chief financial officer now owns 192,519 shares in the company, valued at $7,411,981.50. The disclosure for this sale can be found here. Insiders have sold 7,118,047 shares of company stock worth $274,044,810 over the last quarter.

About Floor & Decor Holdings

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

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

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