Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 82.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,349 shares of the company's stock after selling 24,519 shares during the quarter. Logan Capital Management Inc.'s holdings in Floor & Decor were worth $664,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Floor & Decor in the third quarter worth about $34,000. Blue Trust Inc. lifted its position in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after buying an additional 196 shares during the last quarter. Chris Bulman Inc purchased a new position in Floor & Decor during the second quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new position in Floor & Decor during the third quarter valued at $74,000. Finally, UMB Bank n.a. raised its stake in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company's stock valued at $89,000 after acquiring an additional 196 shares during the period.

Floor & Decor Stock Down 1.3 %

FND stock traded down $1.44 on Friday, hitting $110.47. 1,050,200 shares of the company's stock were exchanged, compared to its average volume of 1,480,324. The firm has a 50 day moving average price of $107.90 and a two-hundred day moving average price of $107.46. 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 12-month low of $89.06 and a 12-month high of $135.67. The stock has a market cap of $11.85 billion, a P/E ratio of 61.37, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a report on Monday, November 4th. Melius Research assumed coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a "sell" rating and a $80.00 target price on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Finally, Wedbush restated an "outperform" rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $104.37.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.