Saturna Capital Corp Cuts Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Saturna Capital Corp decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 73.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,060 shares of the company's stock after selling 16,571 shares during the quarter. Saturna Capital Corp's holdings in Floor & Decor were worth $752,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vancity Investment Management Ltd boosted its position in shares of Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company's stock valued at $991,000 after acquiring an additional 111 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in Floor & Decor by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company's stock valued at $1,092,000 after purchasing an additional 127 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company's stock valued at $333,000 after buying an additional 138 shares during the period. Silver Coast Investments LLC increased its holdings in shares of Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock worth $382,000 after buying an additional 150 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Floor & Decor by 7.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company's stock valued at $236,000 after buying an additional 169 shares during the period.

Floor & Decor Stock Up 0.8 %

Floor & Decor stock traded up $0.81 during mid-day trading on Wednesday, hitting $102.40. The company had a trading volume of 1,667,923 shares, compared to its average volume of 1,456,829. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1 year low of $83.56 and a 1 year high of $135.67. The business has a fifty day moving average of $110.63 and a 200 day moving average of $108.52. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 56.89, a PEG ratio of 13.27 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FND. Robert W. Baird reduced their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, July 29th. Wedbush reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Piper Sandler lowered their price target on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research report on Monday, October 28th. Finally, Melius Research assumed coverage on Floor & Decor in a report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $104.37.

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.