Ontario Teachers Pension Plan Board Sells 9,500 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Ontario Teachers Pension Plan Board lowered its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 63.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,389 shares of the company's stock after selling 9,500 shares during the period. Ontario Teachers Pension Plan Board's holdings in Floor & Decor were worth $669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN grew its position in shares of Floor & Decor by 1.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company's stock valued at $111,720,000 after buying an additional 16,125 shares during the last quarter. Capital International Investors grew its position in shares of Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company's stock valued at $137,806,000 after buying an additional 73,448 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company's stock valued at $83,810,000 after buying an additional 115,876 shares during the last quarter. XN LP bought a new position in Floor & Decor in the 2nd quarter worth about $70,177,000. Finally, Principal Financial Group Inc. grew its position in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after purchasing an additional 30,310 shares during the last quarter.

Analyst Upgrades and Downgrades

FND has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Guggenheim decreased 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 report on Friday, August 2nd. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 target price for the company. JPMorgan Chase & Co. decreased their target price 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. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $104.37.

Floor & Decor Trading Up 4.7 %

Shares of NYSE:FND traded up $4.98 during mid-day trading on Friday, hitting $112.00. The stock had a trading volume of 1,931,699 shares, compared to its average volume of 1,492,581. 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 company has a market cap of $12.01 billion, a PE ratio of 62.22, a P/E/G ratio of 13.00 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. The company's 50 day moving average is $110.09 and its 200-day moving average is $108.15.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The business had revenue of $1.12 billion during 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 firm's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Floor & Decor 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.