Marshall Wace LLP purchased a new position in shares of Floor & Decor Holdings Inc (NYSE:FND) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,922,030 shares of the company’s stock, valued at approximately $57,988,000. Marshall Wace LLP owned 1.97% of Floor & Decor as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Voya Investment Management LLC grew its position in Floor & Decor by 13.1% during the 2nd quarter. Voya Investment Management LLC now owns 12,032 shares of the company’s stock worth $594,000 after purchasing an additional 1,390 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Floor & Decor by 20.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,823 shares of the company’s stock worth $435,000 after acquiring an additional 1,483 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Floor & Decor by 26.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,482 shares of the company’s stock worth $369,000 after acquiring an additional 1,583 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Floor & Decor by 36.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,500 shares of the company’s stock worth $321,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in shares of Floor & Decor by 25.4% during the 3rd quarter. Utah Retirement Systems now owns 8,900 shares of the company’s stock worth $268,000 after acquiring an additional 1,800 shares in the last quarter.

Floor & Decor stock traded down $0.02 during midday trading on Thursday, reaching $32.25. The company had a trading volume of 2,183,500 shares, compared to its average volume of 1,213,063. The firm has a market capitalization of $3.14 billion, a PE ratio of 46.49, a P/E/G ratio of 1.36 and a beta of 0.21. Floor & Decor Holdings Inc has a 12-month low of $24.01 and a 12-month high of $58.28. The company has a current ratio of 1.50, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $435.90 million for the quarter, compared to analyst estimates of $428.88 million. Floor & Decor had a net margin of 8.80% and a return on equity of 19.82%. Floor & Decor’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. On average, sell-side analysts predict that Floor & Decor Holdings Inc will post 0.95 EPS for the current fiscal year.

In related news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $37.00, for a total value of $286,531,996.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.20% of the company’s stock.

FND has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on shares of Floor & Decor in a research note on Monday, November 12th. They set an “equal weight” rating and a $33.00 target price on the stock. Telsey Advisory Group lowered their target price on shares of Floor & Decor from $54.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Jefferies Financial Group raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, August 21st. Citigroup lowered their target price on shares of Floor & Decor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Credit Suisse Group lowered their target price on shares of Floor & Decor from $50.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.56.

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About Floor & Decor

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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