JPMorgan Chase & Co. Sells 199,813 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

JPMorgan Chase & Co. lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,417,845 shares of the company's stock after selling 199,813 shares during the quarter. JPMorgan Chase & Co. owned about 1.32% of Floor & Decor worth $141,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FND. Vanguard Group Inc. raised its position in Floor & Decor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after purchasing an additional 133,766 shares during the last quarter. State Street Corp increased its stake in shares of Floor & Decor by 6.3% in the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company's stock valued at $468,097,000 after buying an additional 222,980 shares during the period. Geode Capital Management LLC raised its position in shares of Floor & Decor by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock worth $222,357,000 after acquiring an additional 24,509 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Floor & Decor by 172.0% during the fourth 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. Finally, Fisher Funds Management LTD bought a new position in Floor & Decor in the fourth quarter valued at about $128,797,000.

Remove Ads

Floor & Decor Stock Up 1.8 %

NYSE FND traded up $1.28 on Friday, reaching $71.55. The company had a trading volume of 5,814,576 shares, compared to its average volume of 1,615,087. The company's fifty day moving average is $91.82 and its 200-day moving average is $101.55. 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 capitalization of $7.68 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth 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 (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FND shares. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and cut their target price for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Barclays upgraded shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Evercore ISI cut their price target on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Finally, 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.