Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 17.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,521 shares of the company’s stock after selling 324 shares during the quarter. Signaturefd LLC’s holdings in Floor & Decor were worth $189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FND. Wealth Enhancement Advisory Services LLC lifted its position in Floor & Decor by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,066 shares of the company’s stock valued at $1,046,000 after buying an additional 404 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Floor & Decor by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 26,200 shares of the company’s stock valued at $3,396,000 after acquiring an additional 600 shares in the last quarter. Norden Group LLC acquired a new position in shares of Floor & Decor during the 1st quarter valued at $452,000. HB Wealth Management LLC acquired a new stake in Floor & Decor in the 1st quarter valued at $202,000. Finally, Retirement Systems of Alabama increased its holdings in Floor & Decor by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 133,825 shares of the company’s stock valued at $17,346,000 after purchasing an additional 351 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim decreased their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Friday. TD Cowen reduced their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company dropped their price target on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.42.

Floor & Decor Stock Down 1.9 %

Floor & Decor stock opened at $102.02 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company has a 50-day simple moving average of $112.24 and a 200-day simple moving average of $109.10. The firm has a market capitalization of $10.93 billion, a P/E ratio of 52.86, a P/E/G ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. Floor & Decor’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.67 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.