Bamco Inc. NY Sells 425,729 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Bamco Inc. NY decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,252,755 shares of the company's stock after selling 425,729 shares during the quarter. Bamco Inc. NY owned 1.17% of Floor & Decor worth $155,555,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in FND. FMR LLC grew its stake in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the period. XN LP bought a new position in Floor & Decor in the 2nd quarter valued at $70,177,000. Massachusetts Financial Services Co. MA increased its position in Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock worth $60,067,000 after purchasing an additional 333,338 shares during the period. Natixis Advisors LLC grew its position in shares of Floor & Decor by 94.7% during the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company's stock worth $35,459,000 after buying an additional 173,518 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company's stock valued at $83,810,000 after acquiring an additional 115,876 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on FND. Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Wedbush reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Mizuho upped their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Melius Research started coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Trading Up 0.2 %

NYSE:FND traded up $0.17 during midday trading on Monday, reaching $112.38. 1,048,927 shares of the stock traded hands, compared to its average volume of 1,492,141. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. 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 company has a fifty day moving average of $109.71 and a 200 day moving average of $107.75. The stock has a market capitalization of $12.05 billion, a P/E ratio of 62.34, a PEG ratio of 14.66 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.