Floor & Decor Holdings, Inc. $FND Stock Holdings Decreased by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 20.1% during the first quarter, Holdings Channel reports. The fund owned 299,153 shares of the company’s stock after selling 75,434 shares during the quarter. Lazard Asset Management LLC’s holdings in Floor & Decor were worth $15,197,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Floor & Decor in the third quarter worth $26,000. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after buying an additional 247 shares during the period. Summit Securities Group LLC purchased a new stake in Floor & Decor in the 1st quarter worth about $31,000. Clearstead Advisors LLC boosted its position in Floor & Decor by 215.7% during the 4th quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after acquiring an additional 384 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Floor & Decor during the 4th quarter worth about $34,000.

Insider Activity

In related news, EVP Ersan Sayman sold 15,200 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $48.28, for a total value of $733,856.00. Following the transaction, the executive vice president owned 71,676 shares in the company, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bradley Paulsen acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average cost of $50.25 per share, for a total transaction of $251,250.00. Following the transaction, the chief executive officer owned 85,010 shares of the company’s stock, valued at approximately $4,271,752.50. This represents a 6.25% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FND has been the topic of a number of research reports. Piper Sandler reiterated an “overweight” rating on shares of Floor & Decor in a report on Tuesday, May 26th. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Barclays lowered their price objective on shares of Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. TD Cowen dropped their price objective on shares of Floor & Decor from $60.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, Citigroup reiterated a “neutral” rating on shares of Floor & Decor in a research report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $57.72.

Floor & Decor Price Performance

Shares of NYSE FND opened at $55.76 on Thursday. The business’s 50-day moving average price is $53.55 and its two-hundred day moving average price is $57.42. Floor & Decor Holdings, Inc. has a one year low of $42.64 and a one year high of $92.40. The company has a market capitalization of $6.02 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 4.73 and a beta of 1.58.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.94 EPS for the current year.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.