Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,567 shares of the company's stock after selling 7,877 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Floor & Decor worth $12,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Floor & Decor during the third quarter worth $34,000. Whipplewood Advisors LLC purchased a new position in Floor & Decor in the fourth quarter valued at $35,000. Blue Trust Inc. increased its holdings in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after buying an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Floor & Decor in the fourth quarter valued at $49,000. Finally, Allworth Financial LP increased its holdings in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after buying an additional 182 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FND. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Piper Sandler lowered their target price on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and upped their target price for the company from $100.00 to $110.00 in a report on Monday, February 24th. Finally, Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $103.56.

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Floor & Decor Price Performance

Shares of FND traded down $5.55 during trading hours on Thursday, reaching $72.65. The company had a trading volume of 553,019 shares, compared to its average volume of 1,644,463. The firm has a 50 day simple moving average of $88.86 and a 200-day simple moving average of $100.20. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 12-month low of $66.01 and a 12-month high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.08 billion. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor Profile

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.