Wellington Management Group LLP Sells 206,170 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Wellington Management Group LLP cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 29.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 505,799 shares of the company's stock after selling 206,170 shares during the quarter. Wellington Management Group LLP owned about 0.47% of Floor & Decor worth $50,428,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Floor & Decor in the 4th quarter worth about $38,717,000. Conway Capital Management Inc. purchased a new stake in shares of Floor & Decor in the 3rd quarter worth about $1,090,000. Sanctuary Advisors LLC grew its position in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock worth $338,000 after buying an additional 180 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Floor & Decor by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after buying an additional 30,496 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Floor & Decor in the 4th quarter worth about $49,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FND. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. The Goldman Sachs Group downgraded shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective on the stock. in a research report on Thursday, January 30th. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $103.56.

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Floor & Decor Stock Performance

Shares of NYSE:FND traded down $5.55 during trading on Thursday, hitting $72.65. The company's stock had a trading volume of 553,019 shares, compared to its average volume of 1,644,463. Floor & Decor Holdings, Inc. has a 12 month low of $66.01 and a 12 month high of $126.74. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 38.28, a P/E/G ratio of 19.06 and a beta of 1.86. The company has a 50-day moving average of $88.86 and a 200-day moving average of $100.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping 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 company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.08 billion. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Floor & Decor Company 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.