Natixis Advisors LLC Sells 56,863 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Natixis Advisors LLC cut its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,149 shares of the company's stock after selling 56,863 shares during the quarter. Natixis Advisors LLC owned about 0.33% of Floor & Decor worth $35,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP bought a new stake in Floor & Decor in the 3rd quarter worth about $34,000. Whipplewood Advisors LLC bought a new stake in Floor & Decor in the 4th quarter worth about $35,000. Blue Trust Inc. increased its holdings in Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after buying an additional 166 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Floor & Decor in the 4th quarter worth about $49,000. Finally, Allworth Financial LP increased its holdings in Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after buying an additional 182 shares in the last quarter.

Floor & Decor Trading Up 1.0 %

FND stock traded up $0.83 during midday trading on Thursday, reaching $83.80. The company's stock had a trading volume of 2,152,224 shares, compared to its average volume of 1,509,517. 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 has a fifty day simple moving average of $96.22 and a two-hundred day simple moving average of $104.10. Floor & Decor Holdings, Inc. has a 1 year low of $81.38 and a 1 year high of $135.67. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 19.06 and a beta of 1.95.

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Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. On average, equities research analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

FND has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted 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 Floor & Decor from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and boosted their price objective for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Piper Sandler cut their price objective on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Wedbush downgraded Floor & Decor from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and a consensus price target of $104.83.

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.