Envestnet Portfolio Solutions Inc. Sells 13,644 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,065 shares of the company's stock after selling 13,644 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Floor & Decor were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FND. FMR LLC grew its holdings in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after buying an additional 1,291,214 shares during the last quarter. State Street Corp lifted its holdings in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company's stock valued at $468,097,000 after acquiring an additional 222,980 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Floor & Decor by 3.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company's stock worth $279,732,000 after purchasing an additional 85,299 shares during the period. Geode Capital Management LLC grew its position in Floor & Decor by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock valued at $222,357,000 after acquiring an additional 24,509 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after buying an additional 223,332 shares in the last quarter.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on FND shares. The Goldman Sachs Group cut Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Gordon Haskett upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research report on Friday, February 21st. Finally, Piper Sandler lowered 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Floor & Decor presently has a consensus rating of "Hold" and an average price target of $104.11.

Floor & Decor Stock Performance

FND traded down $2.99 during trading hours on Friday, hitting $80.44. 1,488,258 shares of the stock were exchanged, compared to its average volume of 1,553,402. The stock has a market cap of $8.64 billion, a price-to-earnings 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 $94.72 and a 200-day simple moving average of $103.13. Floor & Decor Holdings, Inc. has a 12 month low of $80.30 and a 12 month high of $130.57. 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 posted its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating 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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.08 billion. Analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

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.