Equitable Trust Co. Reduces Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Equitable Trust Co. reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,899 shares of the company’s stock after selling 245 shares during the quarter. Equitable Trust Co.’s holdings in Floor & Decor were worth $360,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vancity Investment Management Ltd boosted its stake in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after acquiring an additional 111 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of Floor & Decor by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock valued at $1,092,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after purchasing an additional 138 shares during the last quarter. Silver Coast Investments LLC grew its stake in Floor & Decor by 5.1% in the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after purchasing an additional 150 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after buying an additional 169 shares during the last quarter.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $100.49 on Monday. Floor & Decor Holdings, Inc. has a 1 year low of $77.01 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a fifty day moving average price of $110.92 and a two-hundred day moving average price of $108.61. The firm has a market cap of $10.78 billion, a P/E ratio of 55.83, a PEG ratio of 13.20 and a beta of 1.83.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $0.61 earnings per share. Floor & Decor’s revenue was up .9% compared to the same quarter last year. Research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on FND shares. Stifel Nicolaus increased their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Mizuho raised their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Guggenheim lowered their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Melius Research began coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $104.37.

About Floor & Decor

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.