FS Capital Partners VI LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,313,253 shares of the company’s stock, valued at approximately $993,798,000. Floor & Decor Holdings comprises 91.3% of FS Capital Partners VI LLC’s investment portfolio, making the stock its largest position. FS Capital Partners VI LLC owned 26.90% of Floor & Decor Holdings at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC acquired a new stake in Floor & Decor Holdings in the 2nd quarter valued at approximately $788,000. Russell Investments Group Ltd. acquired a new stake in Floor & Decor Holdings in the 2nd quarter valued at approximately $662,000. Spark Investment Management LLC acquired a new stake in Floor & Decor Holdings in the 2nd quarter valued at approximately $2,100,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Floor & Decor Holdings in the 2nd quarter valued at approximately $79,390,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Floor & Decor Holdings in the 2nd quarter valued at approximately $1,016,000. 92.78% of the stock is currently owned by institutional investors and hedge funds.

In other Floor & Decor Holdings news, CFO Trevor Lang sold 46,200 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total transaction of $1,778,700.00. Following the completion of the sale, the chief financial officer now owns 192,519 shares in the company, valued at approximately $7,411,981.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Lisa Laube sold 87,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total transaction of $3,349,500.00. Following the sale, the chief marketing officer now owns 165,987 shares of the company’s stock, valued at approximately $6,390,499.50. The disclosure for this sale can be found here. Insiders have sold a total of 7,118,047 shares of company stock valued at $274,044,810 in the last quarter.

Several analysts recently commented on FND shares. Bank of America Corporation restated a “buy” rating and issued a $42.00 target price on shares of Floor & Decor Holdings in a research report on Tuesday, September 5th. Zacks Investment Research cut Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Wedbush started coverage on Floor & Decor Holdings in a research report on Wednesday, June 14th. They set a “neutral” rating and a $45.00 price target on the stock. BTIG Research reiterated a “buy” rating and set a $48.00 price target (up from $42.00) on shares of Floor & Decor Holdings in a research report on Thursday, June 22nd. Finally, BMO Capital Markets started coverage on Floor & Decor Holdings in a research report on Thursday, September 14th. They set a “market perform” rating and a $41.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.07.

Floor & Decor Holdings, Inc. (FND) traded up 0.013% during midday trading on Wednesday, hitting $37.155. The stock had a trading volume of 41,804 shares. The stock’s 50-day moving average is $37.67 and its 200-day moving average is $37.31. The company has a market cap of $3.50 billion and a P/E ratio of 54.720. Floor & Decor Holdings, Inc. has a one year low of $29.37 and a one year high of $47.00.

Floor & Decor Holdings (NYSE:FND) last issued its earnings results on Thursday, July 27th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $344.00 million for the quarter, compared to the consensus estimate of $343.73 million. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. Equities analysts predict that Floor & Decor Holdings, Inc. will post $0.60 EPS for the current fiscal year.

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Floor & Decor Holdings Profile

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).

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

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