Allspring Global Investments Holdings LLC Sells 222,318 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Allspring Global Investments Holdings LLC trimmed its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 98.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,554 shares of the company's stock after selling 222,318 shares during the period. Allspring Global Investments Holdings LLC's holdings in Floor & Decor were worth $317,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company's stock worth $1,020,348,000 after buying an additional 1,334,650 shares during the period. XN LP purchased a new position in shares of Floor & Decor during the second quarter worth $70,177,000. Lord Abbett & CO. LLC purchased a new position in shares of Floor & Decor during the first quarter worth $24,791,000. Natixis Advisors LLC raised its stake in shares of Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company's stock valued at $35,459,000 after acquiring an additional 173,518 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Floor & Decor in the second quarter valued at $14,953,000.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Thursday. Mizuho raised their price target on Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective on the stock. TD Cowen lowered their price objective on Floor & Decor from $115.00 to $100.00 and set a "hold" rating on the stock in a report on Friday, July 12th. Finally, Citigroup reduced their price target on shares of Floor & Decor from $109.00 to $104.00 and set a "neutral" rating for the company in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Floor & Decor presently has an average rating of "Hold" and an average target price of $104.24.

Floor & Decor Stock Performance

NYSE FND traded up $0.71 on Friday, hitting $103.76. The stock had a trading volume of 1,190,414 shares, compared to its average volume of 1,508,581. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 57.64, a P/E/G ratio of 13.68 and a beta of 1.83. The company's 50-day moving average is $111.62 and its two-hundred day moving average is $108.78.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, analysts expect that Floor & Decor Holdings, Inc. will post 1.68 earnings per share for the current year.

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.