Advantage Alpha Capital Partners LP Lowers Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Advantage Alpha Capital Partners LP lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,973 shares of the company's stock after selling 11,571 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in Floor & Decor were worth $2,889,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its position in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock valued at $60,067,000 after buying an additional 333,338 shares during the last quarter. Conway Capital Management Inc. bought a new position in shares of Floor & Decor during the third quarter valued at about $1,090,000. Sanctuary Advisors LLC boosted its holdings in Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock worth $338,000 after purchasing an additional 180 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Floor & Decor by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after purchasing an additional 30,496 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company's stock valued at $9,632,000 after buying an additional 16,569 shares during the last quarter.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FND. The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price on the stock. in a research note on Thursday, January 30th. Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Finally, Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $104.11.

Floor & Decor Price Performance

Shares of FND stock traded down $2.99 during trading hours on Friday, reaching $80.44. The stock had a trading volume of 1,488,258 shares, compared to its average volume of 1,556,598. The stock's fifty day simple moving average is $94.33 and its 200 day simple moving average is $102.94. The firm has a market capitalization of $8.64 billion, a PE ratio of 42.34, a PEG ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a 12 month low of $80.25 and a 12 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.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS 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.