Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,564 shares of the company's stock after selling 15,732 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.15% of Floor & Decor worth $16,208,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Floor & Decor during the third quarter valued at about $34,000. Whipplewood Advisors LLC purchased a new stake in Floor & Decor during the fourth quarter valued at approximately $35,000. Blue Trust Inc. boosted its stake in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after acquiring an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Floor & Decor in the fourth quarter worth $49,000. Finally, Allworth Financial LP increased its position in shares of Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after purchasing an additional 182 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FND shares. Piper Sandler dropped their target price on 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 Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a report on Friday, February 21st. Two equities research 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, the stock has an average rating of "Hold" and a consensus price target of $104.11.

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Floor & Decor Stock Performance

FND stock traded up $0.03 during midday trading on Monday, hitting $80.43. 2,269,516 shares of the stock traded hands, compared to its average volume of 1,559,439. Floor & Decor Holdings, Inc. has a 1-year low of $79.01 and a 1-year high of $129.79. 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 stock's fifty day simple moving average is $94.33 and its 200-day simple moving average is $102.90. The firm has a market cap of $8.64 billion, a P/E ratio of 42.33, a PEG ratio of 19.06 and a beta of 1.95.

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 analysts' consensus estimates of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, analysts expect 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.