Corebridge Financial Inc. Sells 5,400 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Corebridge Financial Inc. cut its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,759 shares of the company's stock after selling 5,400 shares during the period. Corebridge Financial Inc. owned about 0.11% of Floor & Decor worth $12,139,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FND. Louisiana State Employees Retirement System grew its holdings in shares of Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock valued at $2,971,000 after acquiring an additional 100 shares in the last quarter. Corient Private Wealth LLC boosted its position in Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock valued at $341,000 after purchasing an additional 120 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock valued at $652,000 after purchasing an additional 122 shares in the last quarter. Tidal Investments LLC increased its position in Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after purchasing an additional 130 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Floor & Decor by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company's stock worth $296,000 after purchasing an additional 133 shares in the last quarter.

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Analyst Ratings Changes

A number of equities analysts recently commented on FND shares. Gordon Haskett upgraded Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a report on Friday, February 21st. Piper Sandler dropped their price target on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. The Goldman Sachs Group lowered shares of 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. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and increased their target price for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and an average price target of $104.11.

Floor & Decor Stock Performance

FND stock traded down $2.99 during trading on Friday, reaching $80.44. 1,488,258 shares of the stock were exchanged, compared to its average volume of 1,556,598. Floor & Decor Holdings, Inc. has a twelve month low of $80.25 and a twelve month high of $129.79. 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 $8.64 billion, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The stock has a 50 day simple moving average of $94.33 and a 200-day simple moving average of $102.90.

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 for the quarter, topping the consensus estimate of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, sell-side analysts anticipate 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.