TimesSquare Capital Management LLC Trims Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

TimesSquare Capital Management LLC cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 29.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,952 shares of the company's stock after selling 117,628 shares during the quarter. TimesSquare Capital Management LLC owned 0.27% of Floor & Decor worth $35,631,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company's stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. Chris Bulman Inc purchased a new position in shares of Floor & Decor in the second quarter valued at approximately $30,000. J.Safra Asset Management Corp boosted its stake in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock worth $43,000 after acquiring an additional 372 shares during the last quarter. GAMMA Investing LLC raised its stake in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company's stock valued at $70,000 after purchasing an additional 189 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in 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 during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FND shares. JPMorgan Chase & Co. lowered their price target on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Robert W. Baird reduced their price objective on Floor & Decor from $127.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company upped their target price on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Finally, Piper Sandler dropped their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a report on Monday, October 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Stock Down 0.8 %

FND traded down $0.82 on Friday, hitting $100.49. 1,540,035 shares of the company were exchanged, compared to its average volume of 1,724,110. The firm has a 50-day moving average price of $110.92 and a two-hundred day moving average price of $108.62. 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 $77.01 and a twelve month high of $135.67. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 55.83, a price-to-earnings-growth ratio of 13.20 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business's quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

About Floor & Decor

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.