Retirement Systems of Alabama Acquires 26,362 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Retirement Systems of Alabama raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,440 shares of the company’s stock after purchasing an additional 26,362 shares during the quarter. Retirement Systems of Alabama’s holdings in Floor & Decor were worth $19,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FND. FMR LLC grew its position in Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after buying an additional 1,291,214 shares during the period. XN LP purchased a new position in Floor & Decor in the second quarter valued at about $70,177,000. Massachusetts Financial Services Co. MA grew its position in shares of Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the period. State Street Corp increased its stake in shares of Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Floor & Decor by 94.7% in the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after purchasing an additional 173,518 shares during the period.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $110.47 on Friday. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. 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 $11.85 billion, a price-to-earnings ratio of 61.37, a PEG ratio of 14.75 and a beta of 1.82. The company’s fifty day moving average price is $107.90 and its 200-day moving average price is $107.46.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Mizuho lifted their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus raised their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $104.37.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.