Orion Portfolio Solutions LLC Sells 7,642 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Orion Portfolio Solutions LLC decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 77.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,209 shares of the company's stock after selling 7,642 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Floor & Decor were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Chris Bulman Inc acquired a new position in shares of Floor & Decor during the second quarter valued at about $30,000. Blue Trust Inc. raised its holdings in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company's stock valued at $34,000 after acquiring an additional 196 shares in the last quarter. Quarry LP bought a new stake in shares of Floor & Decor in the 3rd quarter worth approximately $34,000. UMB Bank n.a. grew its holdings in shares of Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company's stock worth $89,000 after purchasing an additional 196 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $147,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FND. Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Melius Research started coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a "sell" rating and a $80.00 target price on the stock. Piper Sandler dropped their price target on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research report on Monday, October 28th. Wells Fargo & Company upped their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus increased their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Two 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded up $3.93 during midday trading on Friday, reaching $101.38. The company had a trading volume of 3,665,491 shares, compared to its average volume of 1,489,228. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $107.13 and a 200 day simple moving average of $107.22. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND - Get Free Report) last released its 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 company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 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.