Corebridge Financial Inc. Sells 5,400 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Corebridge Financial Inc. lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,759 shares of the company’s stock after selling 5,400 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Floor & Decor worth $12,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FND. Quarry LP acquired a new stake in shares of Floor & Decor in the 3rd quarter valued at $34,000. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth $35,000. Blue Trust Inc. lifted its holdings in shares of Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $49,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at approximately $49,000.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. The Goldman Sachs Group lowered 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. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Finally, Piper Sandler cut their price target on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.11.

Floor & Decor Trading Down 3.4 %

FND opened at $82.79 on Wednesday. Floor & Decor Holdings, Inc. has a twelve month low of $80.82 and a twelve month high of $131.76. The company has a fifty day moving average of $95.28 and a 200-day moving average of $103.41. The stock has a market cap of $8.89 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. 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 (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

About Floor & Decor

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.