20,066 Shares in Floor & Decor Holdings, Inc. (FND) Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 20,066 shares of the company’s stock, valued at approximately $788,000.

Shares of Floor & Decor Holdings, Inc. (FND) traded down 3.00% during midday trading on Friday, reaching $33.29. The company had a trading volume of 419,516 shares. Floor & Decor Holdings, Inc. has a 1-year low of $5.69 and a 1-year high of $46.95. The stock has a market capitalization of $3.13 billion and a PE ratio of 49.03. The company’s 50-day moving average is $34.93 and its 200-day moving average is $37.20.

Floor & Decor Holdings (NYSE:FND) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $344 million for the quarter, compared to analysts’ expectations of $343.73 million. The company’s revenue was up 29.4% compared to the same quarter last year. On average, equities research analysts forecast that Floor & Decor Holdings, Inc. will post $0.60 EPS for the current year.

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Several brokerages have recently issued reports on FND. UBS AG began coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They set a “neutral” rating and a $39.00 target price for the company. Zacks Investment Research lowered Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group set a $43.00 target price on Floor & Decor Holdings and gave the company a “buy” rating in a research report on Sunday, May 28th. Loop Capital began coverage on Floor & Decor Holdings in a research report on Friday. They set a “hold” rating and a $35.00 target price for the company. Finally, Piper Jaffray Companies began coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They set a “neutral” rating and a $40.00 target price for the company. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.85.

In other Floor & Decor Holdings news, CFO Trevor Lang sold 46,200 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $1,778,700.00. Following the completion of the sale, the chief financial officer now owns 192,519 shares in the company, valued at $7,411,981.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Corporate Opportunities F. Ares sold 6,772,781 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $260,752,068.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,118,047 shares of company stock valued at $274,044,810.

Floor & Decor Holdings Company 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 Holdings (NYSE:FND)

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