CIBC Private Wealth Group LLC Has $19.17 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

CIBC Private Wealth Group LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,329 shares of the company's stock after selling 6,094 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.19% of Floor & Decor worth $19,167,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FND. Conway Capital Management Inc. bought a new position in Floor & Decor during the 3rd quarter valued at $1,090,000. Sanctuary Advisors LLC boosted its stake in Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock valued at $338,000 after buying an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Floor & Decor by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock valued at $85,745,000 after buying an additional 30,496 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Floor & Decor during the fourth quarter worth about $49,000. Finally, JPMorgan Chase & Co. raised its position in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after acquiring an additional 223,332 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FND shares. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday. Piper Sandler reduced their price objective on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Evercore ISI cut their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $103.56.

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Floor & Decor Stock Up 1.8 %

Floor & Decor stock traded up $1.28 during trading hours on Friday, hitting $71.55. The company had a trading volume of 5,814,576 shares, compared to its average volume of 1,615,087. The firm's fifty day moving average is $91.82 and its 200-day moving average is $101.66. The firm has a market capitalization of $7.68 billion, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a fifty-two week low of $66.01 and a fifty-two week high of $126.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

About Floor & Decor

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.