Prudential Financial Inc. Lowers Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Prudential Financial Inc. reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 61.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,645 shares of the company's stock after selling 10,603 shares during the period. Prudential Financial Inc.'s holdings in Floor & Decor were worth $663,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Floor & Decor by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after purchasing an additional 133,766 shares during the period. LPL Financial LLC increased its stake in Floor & Decor by 62.4% in the 4th quarter. LPL Financial LLC now owns 19,968 shares of the company's stock valued at $1,991,000 after buying an additional 7,670 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Floor & Decor during the 4th quarter worth $2,054,000. Virtu Financial LLC acquired a new stake in shares of Floor & Decor in the 4th quarter worth $539,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock valued at $652,000 after acquiring an additional 122 shares in the last quarter.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of recent analyst reports. Piper Sandler reduced their price objective on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Evercore ISI cut their price target on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Finally, Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $103.56.

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Floor & Decor Price Performance

Shares of NYSE FND traded up $0.69 during trading on Friday, reaching $74.93. The company had a trading volume of 2,250,223 shares, compared to its average volume of 1,658,418. 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 $66.01 and a twelve month high of $126.74. The stock has a 50-day moving average price of $87.92 and a two-hundred day moving average price of $99.42. The stock has a market capitalization of $8.05 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.