Captrust Financial Advisors Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Captrust Financial Advisors reduced its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 16.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,081 shares of the company’s stock after selling 3,934 shares during the period. Captrust Financial Advisors’ holdings in Floor & Decor were worth $2,002,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after purchasing an additional 100 shares during the period. Advisory Research Inc. lifted its position in Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after acquiring an additional 115 shares during the period. Corient Private Wealth LLC raised its holdings in Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in Floor & Decor by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock worth $296,000 after buying an additional 133 shares during the last quarter.

Floor & Decor Stock Performance

FND opened at $83.86 on Tuesday. Floor & Decor Holdings, Inc. has a 1-year low of $66.01 and a 1-year high of $126.74. The company has a 50 day simple moving average of $77.69 and a two-hundred day simple moving average of $93.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $9.01 billion, a P/E ratio of 44.14, a PEG ratio of 19.06 and a beta of 1.79.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Floor & Decor’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

FND has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price target on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a research note on Friday, May 2nd. Telsey Advisory Group restated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Loop Capital cut their target price on shares of Floor & Decor from $95.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, May 6th. Mizuho cut their target price on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Finally, Piper Sandler cut their target price on shares of Floor & Decor from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $93.56.

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.