Nationwide Fund Advisors Purchases New Stake in Floor & Decor Holdings, Inc. (FND)

Nationwide Fund Advisors purchased a new position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,360 shares of the company’s stock, valued at approximately $682,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Floor & Decor Holdings during the second quarter worth about $397,000. Federated Investors Inc. PA bought a new position in shares of Floor & Decor Holdings during the second quarter worth about $20,502,000. TimesSquare Capital Management LLC bought a new position in shares of Floor & Decor Holdings during the second quarter worth about $5,889,000. Spark Investment Management LLC bought a new position in shares of Floor & Decor Holdings during the second quarter worth about $2,100,000. Finally, Alliancebernstein L.P. bought a new position in shares of Floor & Decor Holdings during the second quarter worth about $31,751,000. 92.78% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have issued reports on FND shares. Zacks Investment Research raised shares of Floor & Decor Holdings from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Monday, July 24th. Telsey Advisory Group raised their target price on shares of Floor & Decor Holdings from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Wedbush raised shares of Floor & Decor Holdings from a “neutral” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, July 24th. They noted that the move was a valuation call. Bank of America Corporation reissued a “buy” rating and issued a $42.00 target price on shares of Floor & Decor Holdings in a report on Tuesday, September 5th. Finally, J P Morgan Chase & Co started coverage on shares of Floor & Decor Holdings in a report on Monday, October 16th. They issued an “overweight” rating and a $46.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.40.

In other Floor & Decor Holdings news, Director George Vincent West sold 50,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.90, for a total value of $1,895,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Floor & Decor Holdings, Inc. (NYSE FND) opened at 38.06 on Tuesday. The company has a market cap of $3.58 billion and a PE ratio of 56.05. Floor & Decor Holdings, Inc. has a one year low of $29.37 and a one year high of $46.99. The firm has a 50-day moving average of $38.32 and a 200-day moving average of $37.90.

About Floor & Decor Holdings

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).

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Institutional Ownership by Quarter for Floor & Decor Holdings (NYSE:FND)

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