Floor & Decor Holdings, Inc. (NYSE:FND) Stake Cut by Abdiel Capital Advisors LP

Abdiel Capital Advisors LP trimmed its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,727,731 shares of the company's stock after selling 55,015 shares during the period. Floor & Decor comprises about 12.1% of Abdiel Capital Advisors LP's investment portfolio, making the stock its 6th largest position. Abdiel Capital Advisors LP owned 1.61% of Floor & Decor worth $171,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Polen Capital Management LLC grew its position in shares of Floor & Decor by 59,133.5% in the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company's stock valued at $27,861,000 after purchasing an additional 25,141,795 shares during the period. Capital World Investors lifted its stake in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company's stock valued at $1,328,518,000 after acquiring an additional 627,256 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Floor & Decor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company's stock valued at $1,262,506,000 after acquiring an additional 81,305 shares during the period. Capital Research Global Investors increased its stake in shares of Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company's stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Floor & Decor by 7.4% in the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company's stock valued at $137,806,000 after purchasing an additional 73,448 shares during the period.

Wall Street Analyst Weigh In

FND has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Floor & Decor from $99.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Robert W. Baird decreased their target price on Floor & Decor from $127.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, July 29th. Stifel Nicolaus increased their price target on Floor & Decor from $85.00 to $100.00 and gave the company a "hold" rating in a research note on Friday, August 30th. Truist Financial cut their target price on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Finally, Citigroup decreased their price target on shares of Floor & Decor from $109.00 to $104.00 and set a "neutral" rating on the stock in a research note on Friday, July 19th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $102.65.

Floor & Decor Stock Performance

NYSE FND traded down $2.57 on Wednesday, hitting $118.15. 482,503 shares of the stock traded hands, compared to its average volume of 1,437,783. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 2.46 and a beta of 1.79. The business's fifty day moving average is $104.97 and its two-hundred day moving average is $110.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current fiscal year.

About Floor & Decor

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.