Timucuan Asset Management Inc. FL Has $178.56 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Timucuan Asset Management Inc. FL raised its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,790,938 shares of the company’s stock after acquiring an additional 7,329 shares during the quarter. Floor & Decor makes up approximately 5.5% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 9th largest position. Timucuan Asset Management Inc. FL’s holdings in Floor & Decor were worth $178,557,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Floor & Decor by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock valued at $976,319,000 after buying an additional 133,766 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Floor & Decor by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after acquiring an additional 24,509 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after acquiring an additional 223,332 shares in the last quarter. Principal Financial Group Inc. grew its position in Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after acquiring an additional 926,208 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Floor & Decor in the 4th quarter worth about $128,797,000.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $74.22 on Friday. The business has a 50-day simple moving average of $88.41 and a 200 day simple moving average of $99.87. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FND. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Monday, February 24th. Evercore ISI cut their target price on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Finally, Gordon Haskett cut Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $103.56.

About Floor & Decor

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.