Engineers Gate Manager LP Purchases 30,772 Shares of Floor & Decor Holdings Inc (NYSE:FND)

Engineers Gate Manager LP boosted its position in shares of Floor & Decor Holdings Inc (NYSE:FND) by 303.0% during the second quarter, Holdings Channel.com reports. The fund owned 40,927 shares of the company’s stock after acquiring an additional 30,772 shares during the quarter. Engineers Gate Manager LP’s holdings in Floor & Decor were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FND. Financial Architects Inc raised its stake in Floor & Decor by 400.0% during the 1st quarter. Financial Architects Inc now owns 1,000 shares of the company’s stock worth $32,000 after acquiring an additional 800 shares during the period. Lenox Wealth Management Inc. bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $48,000. Capital Analysts LLC bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $49,000. Private Advisor Group LLC bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $56,000. Finally, Fifth Third Bancorp raised its position in shares of Floor & Decor by 69.1% during the first quarter. Fifth Third Bancorp now owns 2,117 shares of the company’s stock valued at $68,000 after buying an additional 865 shares during the last quarter.

Several equities research analysts have recently issued reports on FND shares. Morgan Stanley lifted their price objective on shares of Floor & Decor from $28.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. TheStreet upgraded shares of Floor & Decor from a “c+” rating to a “b-” rating in a research report on Thursday, June 4th. Berenberg Bank started coverage on shares of Floor & Decor in a research report on Tuesday, June 23rd. They set a “buy” rating and a $74.00 price objective on the stock. Zacks Investment Research upgraded shares of Floor & Decor from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective on the stock in a research report on Monday, August 3rd. Finally, Robert W. Baird lifted their price objective on shares of Floor & Decor from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $66.47.

Shares of FND stock traded up $2.01 on Monday, hitting $73.57. The stock had a trading volume of 8,205 shares, compared to its average volume of 1,443,758. The company has a quick ratio of 0.44, a current ratio of 1.56 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average price of $69.60

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