Raymond James & Associates Sells 11,555 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Raymond James & Associates lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 31.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,582 shares of the company's stock after selling 11,555 shares during the period. Raymond James & Associates' holdings in Floor & Decor were worth $3,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Floor & Decor by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,066 shares of the company's stock worth $1,046,000 after buying an additional 404 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Floor & Decor in the first quarter valued at approximately $452,000. Janney Montgomery Scott LLC lifted its position in shares of Floor & Decor by 166.3% in the first quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company's stock worth $8,073,000 after purchasing an additional 38,895 shares in the last quarter. Capstone Investment Advisors LLC boosted its holdings in Floor & Decor by 36.4% during the first quarter. Capstone Investment Advisors LLC now owns 4,079 shares of the company's stock worth $529,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Floor & Decor by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 93,269 shares of the company's stock valued at $12,090,000 after purchasing an additional 1,220 shares in the last quarter.

Analyst Ratings Changes

FND has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. TD Cowen decreased their target price on shares of Floor & Decor from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, July 12th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $95.00 price target on shares of Floor & Decor in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Stock Performance

Shares of NYSE:FND traded down $0.77 on Tuesday, reaching $108.72. 1,198,492 shares of the company's stock were exchanged, compared to its average volume of 1,431,309. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a fifty day moving average of $111.59 and a 200-day moving average of $108.79. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 59.92, a PEG ratio of 13.57 and a beta of 1.83.

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