Floor & Decor Holdings, Inc. (NYSE:FND) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,096 shares of the company’s stock after acquiring an additional 5,004 shares during the period. MetLife Investment Management LLC’s holdings in Floor & Decor were worth $6,191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FND. Natixis purchased a new position in shares of Floor & Decor during the 4th quarter worth approximately $1,883,000. Capital Research Global Investors boosted its position in shares of Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after buying an additional 5,784,573 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Floor & Decor by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 873,014 shares of the company’s stock worth $87,043,000 after buying an additional 43,681 shares during the period. First Trust Advisors LP grew its stake in shares of Floor & Decor by 895.4% in the fourth quarter. First Trust Advisors LP now owns 53,127 shares of the company’s stock valued at $5,297,000 after buying an additional 47,790 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in shares of Floor & Decor in the 4th quarter valued at $202,000.

Floor & Decor Stock Performance

Shares of FND opened at $68.20 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74. The stock has a 50 day moving average price of $83.75 and a 200 day moving average price of $97.14. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Gordon Haskett downgraded Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $100.00 in a report on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a research report on Thursday, January 30th. Finally, Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.