Eagle Asset Management Inc. Cuts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Eagle Asset Management Inc. lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 34.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,451 shares of the company's stock after selling 277,743 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.50% of Floor & Decor worth $66,487,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital International Investors boosted its holdings in Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company's stock worth $137,806,000 after acquiring an additional 73,448 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after purchasing an additional 30,310 shares during the last quarter. Scientech Research LLC grew its position in Floor & Decor by 353.0% in the 2nd quarter. Scientech Research LLC now owns 17,773 shares of the company's stock worth $1,767,000 after purchasing an additional 13,850 shares in the last quarter. International Assets Investment Management LLC increased its stake in Floor & Decor by 63,243.2% in the 3rd quarter. International Assets Investment Management LLC now owns 93,748 shares of the company's stock valued at $11,641,000 after buying an additional 93,600 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its position in shares of Floor & Decor by 2,010.5% during the 3rd quarter. Bridges Investment Management Inc. now owns 88,027 shares of the company's stock worth $10,930,000 after buying an additional 83,856 shares in the last quarter.

Floor & Decor Price Performance

Shares of FND stock traded up $4.40 during trading hours on Friday, reaching $111.42. The stock had a trading volume of 992,434 shares, compared to its average volume of 1,488,283. The stock's fifty day simple moving average is $110.09 and its 200 day simple moving average is $108.15. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The firm has a market capitalization of $11.95 billion, a PE ratio of 59.53, a PEG ratio of 13.00 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analyst Ratings Changes

FND has been the subject of several recent analyst reports. Piper Sandler reduced their target price on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a report on Monday, October 28th. Wells Fargo & Company lifted their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Robert W. Baird decreased their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, July 29th. Melius Research began coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a "sell" rating and a $80.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.