Wellington Management Group LLP Sells 258,414 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Wellington Management Group LLP cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 26.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 711,969 shares of the company's stock after selling 258,414 shares during the quarter. Wellington Management Group LLP owned 0.66% of Floor & Decor worth $88,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FND. SG Americas Securities LLC grew its stake in shares of Floor & Decor by 39.8% in the 2nd quarter. SG Americas Securities LLC now owns 5,659 shares of the company's stock valued at $563,000 after buying an additional 1,610 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Floor & Decor by 42.8% during the second quarter. Fifth Third Bancorp now owns 2,308 shares of the company's stock worth $229,000 after purchasing an additional 692 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of Floor & Decor in the 2nd quarter worth $324,000. Finally, &PARTNERS acquired a new stake in Floor & Decor in the 2nd quarter valued at $325,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wedbush reissued an "outperform" rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Melius Research started coverage on Floor & Decor in a research note on Monday, September 23rd. They set a "sell" rating and a $80.00 price objective on the stock. Piper Sandler reduced their target price on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research note on Monday, October 28th. Wells Fargo & Company raised their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Finally, Mizuho upped their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $104.37.

Floor & Decor Price Performance

FND traded up $1.12 on Wednesday, reaching $112.96. The company had a trading volume of 828,245 shares, compared to its average volume of 1,485,614. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 62.16, a P/E/G ratio of 14.36 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The business has a 50 day simple moving average of $108.21 and a 200 day simple moving average of $107.46.

Floor & Decor (NYSE:FND - Get Free Report) last released 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 business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

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.