Baillie Gifford & Co. Sells 264,088 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Baillie Gifford & Co. cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,839,545 shares of the company's stock after selling 264,088 shares during the quarter. Baillie Gifford & Co. owned 1.72% of Floor & Decor worth $183,403,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock worth $2,971,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company's stock worth $386,000 after buying an additional 110 shares in the last quarter. Tidal Investments LLC grew its holdings in Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after buying an additional 130 shares in the last quarter. Silver Coast Investments LLC grew its holdings in Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock worth $382,000 after buying an additional 150 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after buying an additional 166 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FND shares. Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research report on Monday, November 4th. The Goldman Sachs Group lowered shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective on the stock. in a research report on Thursday, January 30th. Telsey Advisory Group raised shares of Floor & Decor from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $95.00 to $115.00 in a research report on Friday, February 14th. Finally, Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $105.39.

Floor & Decor Price Performance

Shares of FND stock traded down $2.58 during mid-day trading on Thursday, hitting $92.75. The company had a trading volume of 3,288,851 shares, compared to its average volume of 1,533,633. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The stock's 50 day moving average price is $99.94 and its 200-day moving average price is $105.95. 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 company has a market capitalization of $9.95 billion, a P/E ratio of 51.53, a P/E/G ratio of 20.20 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.72 earnings per share 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.