Commerce Bank Sells 599 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Commerce Bank trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 11.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,559 shares of the company’s stock after selling 599 shares during the quarter. Commerce Bank’s holdings in Floor & Decor were worth $566,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Chris Bulman Inc bought a new stake in Floor & Decor during the 2nd quarter worth about $30,000. Blue Trust Inc. raised its stake in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares during the last quarter. GAMMA Investing LLC grew its stake 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 buying an additional 189 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after acquiring an additional 196 shares during the last quarter.

Floor & Decor Price Performance

Floor & Decor stock opened at $119.22 on Tuesday. The stock’s fifty day moving average price is $110.06 and its two-hundred day moving average price is $108.00. The firm has a market cap of $12.78 billion, a PE ratio of 66.23, a price-to-earnings-growth ratio of 14.63 and a beta of 1.83. 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 Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly 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. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

FND has been the topic of a number of research analyst reports. Guggenheim dropped their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho raised their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Piper Sandler decreased their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $104.37.

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.