Bank of New York Mellon Corp Sells 13,778 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Bank of New York Mellon Corp lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 727,483 shares of the company's stock after selling 13,778 shares during the period. Bank of New York Mellon Corp owned 0.68% of Floor & Decor worth $72,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock worth $622,821,000 after buying an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD bought a new stake in shares of Floor & Decor in the 4th quarter valued at $128,797,000. Principal Financial Group Inc. lifted its position in shares of Floor & Decor by 172.0% during the 4th quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock valued at $146,037,000 after acquiring an additional 926,208 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock worth $60,067,000 after acquiring an additional 333,338 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after purchasing an additional 223,332 shares during the period.

Floor & Decor Stock Down 0.0 %

Floor & Decor stock traded down $0.04 during midday trading on Friday, hitting $90.29. 805,740 shares of the stock were exchanged, compared to its average volume of 1,482,116. Floor & Decor Holdings, Inc. has a 52-week low of $85.86 and a 52-week high of $135.67. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business's 50-day moving average price is $98.15 and its 200-day moving average price is $105.52. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95.

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Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FND. 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 report on Thursday, January 30th. Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Gordon Haskett raised Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research note on Friday, February 21st. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $106.68.

Floor & Decor Company 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.