Sei Investments Co. Has $25.79 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Sei Investments Co. lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,635 shares of the company's stock after selling 60,795 shares during the period. Sei Investments Co. owned 0.24% of Floor & Decor worth $25,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. Fisher Funds Management LTD bought a new position in Floor & Decor during the fourth quarter worth about $128,797,000. Madison Investment Advisors LLC acquired a new position in Floor & Decor during the fourth quarter worth approximately $97,552,000. Principal Financial Group Inc. increased its position in Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company's stock worth $146,037,000 after buying an additional 926,208 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Floor & Decor in the fourth quarter valued at approximately $54,640,000.

Floor & Decor Price Performance

FND stock traded down $2.99 during mid-day trading on Friday, hitting $80.44. The stock had a trading volume of 1,488,258 shares, compared to its average volume of 1,556,598. The firm has a fifty day simple moving average of $94.33 and a 200 day simple moving average of $102.90. The firm has a market capitalization of $8.64 billion, a P/E ratio of 42.34, a P/E/G ratio of 19.06 and a beta of 1.95. 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 52 week low of $80.25 and a 52 week high of $129.79.

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Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data 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. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.08 billion. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Piper Sandler lowered their price target on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $104.11.

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.