California State Teachers Retirement System purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,200 shares of the company’s stock, valued at approximately $715,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ares Management LLC purchased a new stake in shares of Floor & Decor during the second quarter worth about $2,049,069,000. Goldman Sachs Group Inc. purchased a new stake in shares of Floor & Decor during the second quarter worth about $3,285,000. Brighton Jones LLC purchased a new stake in shares of Floor & Decor during the second quarter worth about $397,000. Federated Investors Inc. PA purchased a new stake in shares of Floor & Decor during the second quarter worth about $20,502,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Floor & Decor during the second quarter worth about $5,889,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Several equities research analysts recently issued reports on the stock. J P Morgan Chase & Co assumed coverage on shares of Floor & Decor in a research report on Monday, October 16th. They issued an “overweight” rating and a $46.00 target price on the stock. Loop Capital assumed coverage on shares of Floor & Decor in a research report on Friday, August 18th. They issued a “hold” rating and a $35.00 target price on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $42.00 target price on shares of Floor & Decor in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, September 12th. Finally, Telsey Advisory Group raised shares of Floor & Decor from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $47.00 in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.93.

Shares of Floor & Decor Holdings, Inc. (FND) opened at $41.39 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33. Floor & Decor Holdings, Inc. has a 12-month low of $29.37 and a 12-month high of $46.99.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $338.62 million. Floor & Decor had a net margin of 5.62% and a return on equity of 26.39%. Floor & Decor’s revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. equities research analysts expect that Floor & Decor Holdings, Inc. will post 0.66 EPS for the current year.

In other Floor & Decor news, SVP David Victor Christopherson sold 32,181 shares of Floor & Decor stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $41.20, for a total transaction of $1,325,857.20. Following the transaction, the senior vice president now directly owns 41,117 shares of the company’s stock, valued at $1,694,020.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director George Vincent West sold 50,000 shares of Floor & Decor stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.90, for a total transaction of $1,895,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,277,666 shares of company stock worth $185,289,781.

TRADEMARK VIOLATION WARNING: “California State Teachers Retirement System Invests $715,000 in Floor & Decor Holdings, Inc. (FND)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/02/california-state-teachers-retirement-system-invests-715000-in-floor-decor-holdings-inc-fnd.html.

Floor & Decor 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 (NYSE:FND)

Receive News & Stock Ratings for Floor & Decor Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor Holdings Inc. and related stocks with our FREE daily email newsletter.