Alliancebernstein L.P. Sells 4,001 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Alliancebernstein L.P. trimmed its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,030 shares of the company's stock after selling 4,001 shares during the quarter. Alliancebernstein L.P. owned approximately 0.13% of Floor & Decor worth $13,562,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its holdings in shares of Floor & Decor by 7.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,204 shares of the company's stock worth $1,416,000 after purchasing an additional 1,001 shares during the period. Norges Bank bought a new stake in shares of Floor & Decor in the 4th quarter valued at about $38,717,000. Vanguard Group Inc. raised its position in shares of Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after acquiring an additional 133,766 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Floor & Decor by 62.4% in the fourth quarter. LPL Financial LLC now owns 19,968 shares of the company's stock worth $1,991,000 after acquiring an additional 7,670 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in Floor & Decor in the fourth quarter valued at approximately $2,054,000.

Floor & Decor Price Performance

NYSE:FND traded down $0.14 during mid-day trading on Monday, reaching $74.90. The stock had a trading volume of 447,364 shares, compared to its average volume of 1,654,203. Floor & Decor Holdings, Inc. has a one year low of $66.01 and a one year high of $126.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a 50 day moving average price of $87.92 and a two-hundred day moving average price of $99.42. The stock has a market capitalization of $8.04 billion, a P/E ratio of 39.42, a P/E/G ratio of 19.06 and a beta of 1.86.

Remove Ads

Floor & Decor (NYSE:FND - Get Free Report) last released 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 net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

FND has been the subject of several recent analyst reports. Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and increased their price objective for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Evercore ISI reduced their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $103.56.

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.