Lazard Asset Management LLC Acquires 11,855 Shares of Floor & Decor Holdings Inc (NYSE:FND)

Lazard Asset Management LLC increased its holdings in Floor & Decor Holdings Inc (NYSE:FND) by 5.0% in the first quarter, HoldingsChannel reports. The firm owned 250,330 shares of the company’s stock after purchasing an additional 11,855 shares during the period. Lazard Asset Management LLC’s holdings in Floor & Decor were worth $10,318,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FND. Frontier Capital Management Co. LLC boosted its holdings in Floor & Decor by 474.1% in the first quarter. Frontier Capital Management Co. LLC now owns 1,654,918 shares of the company’s stock worth $68,216,000 after purchasing an additional 1,366,651 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its holdings in Floor & Decor by 99.9% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,593,417 shares of the company’s stock worth $67,170,000 after purchasing an additional 1,295,853 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Floor & Decor by 1,506.1% in the third quarter. TIAA CREF Investment Management LLC now owns 1,357,762 shares of the company’s stock worth $40,964,000 after purchasing an additional 1,273,225 shares in the last quarter. American Century Companies Inc. bought a new stake in Floor & Decor in the fourth quarter worth $25,729,000. Finally, Madison Investment Holdings Inc. bought a new stake in Floor & Decor in the fourth quarter worth $21,106,000.

FND stock opened at $39.30 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23. Floor & Decor Holdings Inc has a 52-week low of $23.30 and a 52-week high of $55.86. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 1.46 and a beta of 2.08.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The company had revenue of $477.05 million during the quarter, compared to analysts’ expectations of $480.17 million. During the same period in the prior year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, equities analysts anticipate that Floor & Decor Holdings Inc will post 1.1 EPS for the current fiscal year.

In related news, Director George Vincent West sold 564,871 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $42.69, for a total value of $24,114,342.99. Following the completion of the sale, the director now owns 150,000 shares in the company, valued at $6,403,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Norman Axelrod sold 100,000 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $45.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chairman now owns 80,128 shares of the company’s stock, valued at approximately $3,605,760. The disclosure for this sale can be found here. Insiders have sold 904,722 shares of company stock valued at $39,360,883 over the last 90 days. Corporate insiders own 7.00% of the company’s stock.

A number of equities research analysts recently issued reports on FND shares. Loop Capital cut shares of Floor & Decor from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Friday, April 5th. They noted that the move was a valuation call. Stephens started coverage on shares of Floor & Decor in a report on Tuesday, April 23rd. They issued a “weight” rating and a $56.00 price objective for the company. Telsey Advisory Group cut shares of Floor & Decor from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a report on Monday, April 8th. TheStreet upgraded shares of Floor & Decor from a “d+” rating to a “c” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Floor & Decor presently has an average rating of “Hold” and an average price target of $43.08.

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Floor & Decor Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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

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