Blair William & Co. IL Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Blair William & Co. IL lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 15.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 75,790 shares of the company’s stock after selling 14,001 shares during the quarter. Blair William & Co. IL’s holdings in Floor & Decor were worth $7,556,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts recently weighed in on FND shares. Piper Sandler dropped their target price on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $100.00 in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $104.11.

Floor & Decor Trading Down 3.6 %

Shares of Floor & Decor stock opened at $80.44 on Friday. The firm has a 50-day simple moving average of $94.33 and a two-hundred day simple moving average of $102.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a fifty-two week low of $80.25 and a fifty-two week high of $129.79. The company has a market cap of $8.64 billion, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last released its quarterly 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. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal 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.