Cubist Systematic Strategies LLC Invests $1.78 Million in Floor & Decor Holdings, Inc. (FND)

Cubist Systematic Strategies LLC purchased a new position in Floor & Decor Holdings, Inc. (NYSE:FND) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 45,223 shares of the company’s stock, valued at approximately $1,775,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ares Management LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth $2,049,069,000. Brighton Jones LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth $397,000. Federated Investors Inc. PA purchased a new position in shares of Floor & Decor Holdings in the second quarter worth $20,502,000. TimesSquare Capital Management LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth $5,889,000. Finally, Spark Investment Management LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth $2,100,000. 92.78% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on FND. BMO Capital Markets began coverage on shares of Floor & Decor Holdings in a report on Thursday, September 14th. They issued a “market perform” rating and a $41.00 price target for the company. Zacks Investment Research raised shares of Floor & Decor Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, September 12th. Bank of America Corporation reaffirmed a “buy” rating and issued a $42.00 price target on shares of Floor & Decor Holdings in a report on Tuesday, September 5th. Loop Capital began coverage on shares of Floor & Decor Holdings in a report on Friday, August 18th. They issued a “hold” rating and a $35.00 price target for the company. Finally, Telsey Advisory Group raised their price target 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. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.07.

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

Shares of Floor & Decor Holdings, Inc. (NYSE FND) traded down 0.19% on Wednesday, hitting $37.08. 4,611 shares of the company traded hands. Floor & Decor Holdings, Inc. has a 12 month low of $29.37 and a 12 month high of $46.99. The company has a market capitalization of $3.49 billion and a PE ratio of 54.61. The stock’s 50-day moving average price is $37.67 and its 200-day moving average price is $37.31.

Floor & Decor Holdings (NYSE:FND) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $344.00 million during the quarter, compared to analyst estimates of $343.73 million. The firm’s revenue was up 29.4% compared to the same quarter last year. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post $0.60 earnings per share for the current year.

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).

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

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