HighTower Advisors LLC Lowers Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

HighTower Advisors LLC cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,560 shares of the company's stock after selling 3,266 shares during the quarter. HighTower Advisors LLC's holdings in Floor & Decor were worth $953,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP purchased a new position in shares of Floor & Decor during the third quarter worth about $34,000. Whipplewood Advisors LLC acquired a new stake in Floor & Decor during the 4th quarter worth approximately $35,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Floor & Decor in the fourth quarter valued at approximately $49,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Floor & Decor during the fourth quarter worth approximately $49,000.

Floor & Decor Price Performance

FND traded down $2.99 during midday trading on Friday, reaching $80.44. 1,488,258 shares of the company's stock were exchanged, compared to its average volume of 1,556,598. Floor & Decor Holdings, Inc. has a 1-year low of $80.25 and a 1-year high of $129.79. The stock has a market capitalization of $8.64 billion, a PE ratio of 42.34, a P/E/G ratio of 19.06 and a beta of 1.95. 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 business's 50-day moving average price is $94.33 and its 200 day moving average price is $102.90.

Remove Ads

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

FND has been the topic of a number of analyst reports. Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Stifel Nicolaus upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Gordon Haskett raised Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and an average target price of $104.11.

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.