Oppenheimer Asset Management Inc. Sells 2,771 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Oppenheimer Asset Management Inc. lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,532 shares of the company's stock after selling 2,771 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.09% of Floor & Decor worth $9,425,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Conway Capital Management Inc. bought a new position in Floor & Decor in the third quarter valued at $1,090,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock worth $60,067,000 after buying an additional 333,338 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock valued at $338,000 after acquiring an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Floor & Decor by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company's stock valued at $103,003,000 after acquiring an additional 12,109 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company's stock worth $9,632,000 after acquiring an additional 16,569 shares in the last quarter.

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Floor & Decor Price Performance

Shares of FND stock traded down $4.56 during trading on Monday, hitting $92.07. The company had a trading volume of 1,620,520 shares, compared to its average volume of 1,477,766. The firm has a market capitalization of $9.87 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year 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 stock's 50-day moving average price is $99.16 and its 200 day moving average price is $105.98.

Floor & Decor (NYSE:FND - Get Free Report) last announced its 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. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group lowered Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Wedbush cut Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $106.68.

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.