Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 17.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 130,383 shares of the company's stock after selling 28,057 shares during the period. Retirement Systems of Alabama owned 0.12% of Floor & Decor worth $12,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after acquiring an additional 196 shares during the period. Quarry LP purchased a new position in shares of Floor & Decor during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Floor & Decor during the 3rd quarter worth $74,000. UMB Bank n.a. raised 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 acquiring an additional 196 shares during the period. Finally, Trust Co. of Vermont raised its holdings in shares of Floor & Decor by 21.1% during the 4th quarter. Trust Co. of Vermont now owns 1,150 shares of the company's stock worth $115,000 after acquiring an additional 200 shares during the period.

Floor & Decor Stock Down 2.1 %

FND stock traded down $2.04 during trading on Tuesday, hitting $96.96. 1,266,798 shares of the company's stock were exchanged, compared to its average volume of 1,436,281. The business has a 50-day moving average price of $101.94 and a two-hundred day moving average price of $106.09. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 11.51 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Wall Street Analysts Forecast Growth

FND has been the topic of several analyst reports. Wedbush reiterated an "outperform" rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Wells Fargo & Company raised their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Mizuho raised their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Barclays raised Floor & Decor from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $105.67.

Floor & Decor 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.