Capital World Investors Cuts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Capital World Investors reduced its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,524,909 shares of the company's stock after selling 698,482 shares during the period. Capital World Investors owned 5.15% of Floor & Decor worth $550,834,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Huntington National Bank grew its position in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at about $35,000. Blue Trust Inc. raised its stake in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after buying an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Floor & Decor in the fourth quarter worth about $49,000. Finally, Allworth Financial LP boosted its position in Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after acquiring an additional 182 shares in the last quarter.

Floor & Decor Stock Performance

Shares of NYSE:FND traded up $3.25 during midday trading on Thursday, hitting $73.00. The company had a trading volume of 1,806,361 shares, compared to its average volume of 2,090,964. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 19.06 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company has a fifty day moving average of $83.20 and a two-hundred day moving average of $96.95. 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 quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

FND has been the topic of a number of research reports. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Stifel Nicolaus raised Floor & Decor from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. The Goldman Sachs Group cut Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Piper Sandler reduced their price target on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $103.56.

Floor & Decor Company 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.