WCM Investment Management LLC Sells 119,147 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

WCM Investment Management LLC trimmed its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,371,090 shares of the company's stock after selling 119,147 shares during the quarter. WCM Investment Management LLC owned 4.08% of Floor & Decor worth $536,639,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after purchasing an additional 196 shares during the last quarter. Chris Bulman Inc bought a new position in Floor & Decor during the 2nd quarter valued at $30,000. J.Safra Asset Management Corp boosted its holdings in Floor & Decor by 630.5% during the 2nd 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 holdings in shares of Floor & Decor by 36.7% in the second 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. lifted its position in shares of Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company's stock valued at $89,000 after purchasing an additional 196 shares in the last quarter.

Floor & Decor Trading Up 3.8 %

Shares of Floor & Decor stock traded up $3.77 during trading on Monday, reaching $104.26. The company's stock had a trading volume of 1,832,646 shares, compared to its average volume of 1,456,457. 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 52-week low of $77.82 and a 52-week high of $135.67. The firm's 50-day moving average is $110.76 and its two-hundred day moving average is $108.59. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 13.12 and a beta of 1.83.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Melius Research started coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Robert W. Baird reduced their price objective on Floor & Decor from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, July 29th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Monday. 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Company 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.