Turtle Creek Asset Management Inc. Purchases 175,350 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Turtle Creek Asset Management Inc. raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,371,683 shares of the company’s stock after acquiring an additional 175,350 shares during the quarter. Floor & Decor makes up 3.6% of Turtle Creek Asset Management Inc.’s portfolio, making the stock its 13th biggest holding. Turtle Creek Asset Management Inc.’s holdings in Floor & Decor were worth $136,757,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in shares of Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after buying an additional 100 shares during the period. Advisory Research Inc. raised its stake in shares of Floor & Decor by 0.7% in the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after buying an additional 115 shares during the period. Corient Private Wealth LLC raised its stake in shares of Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of Floor & Decor by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock worth $296,000 after purchasing an additional 133 shares in the last quarter.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $79.47 on Friday. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a 50 day moving average price of $76.79 and a 200-day moving average price of $93.02. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.24.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analyst Ratings Changes

FND has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a research report on Friday, May 2nd. Loop Capital cut their target price on Floor & Decor from $95.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, May 6th. Stifel Nicolaus cut their target price on Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Robert W. Baird cut their target price on Floor & Decor from $125.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Finally, Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus target price of $93.56.

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.