Fmr LLC Sells 425,409 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

FMR LLC reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,590,462 shares of the company's stock after selling 425,409 shares during the period. FMR LLC owned about 4.28% of Floor & Decor worth $457,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FND. Quarry LP acquired a new position in shares of Floor & Decor in the third quarter valued at approximately $34,000. Huntington National Bank lifted its holdings in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after purchasing an additional 188 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth $35,000. Blue Trust Inc. increased its holdings in Floor & Decor by 59.9% in the fourth 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 period. Finally, Bank of Jackson Hole Trust bought a new position in Floor & Decor during the 4th quarter worth $49,000.

Floor & Decor Stock Down 1.5 %

Shares of NYSE:FND traded down $1.09 during trading on Tuesday, reaching $71.95. 741,884 shares of the stock were exchanged, compared to its average volume of 1,660,294. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.74. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The stock has a fifty day moving average of $87.31 and a two-hundred day moving average of $99.07. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Remove Ads

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FND shares. JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Piper Sandler reduced their price objective on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, The Goldman Sachs Group cut shares of 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Floor & Decor presently has an average rating of "Hold" and an average price target of $103.56.

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.