Bessemer Group Inc. Has $122,000 Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Bessemer Group Inc. lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 77.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,219 shares of the company's stock after selling 4,097 shares during the quarter. Bessemer Group Inc.'s holdings in Floor & Decor were worth $122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FND. Sanctuary Advisors LLC grew its holdings in shares of Floor & Decor by 7.1% during the 3rd 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 period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Floor & Decor in the third quarter worth about $74,000. Tidal Investments LLC grew its stake in shares of Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock valued at $835,000 after buying an additional 130 shares in the last quarter. Retirement Systems of Alabama lifted its position in Floor & Decor by 20.0% during the 3rd quarter. Retirement Systems of Alabama now owns 158,440 shares of the company's stock worth $19,673,000 after acquiring an additional 26,362 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after acquiring an additional 30,310 shares during the period.

Floor & Decor Price Performance

NYSE FND traded up $1.12 on Friday, reaching $70.12. The company's stock had a trading volume of 1,853,622 shares, compared to its average volume of 1,676,548. The firm's 50 day moving average is $84.92 and its two-hundred day moving average is $97.80. The stock has a market cap of $7.53 billion, a PE ratio of 36.90, a PEG ratio of 19.06 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on FND. Piper Sandler lowered their price objective on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. The Goldman Sachs Group downgraded 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 note on Thursday, January 30th. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Evercore ISI decreased their price target on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a 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 stock. Based on data from MarketBeat, the stock presently 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.