Floor & Decor Holdings, Inc. (NYSE:FND) Stock Position Lowered by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 77.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,219 shares of the company’s stock after selling 4,097 shares during the period. Bessemer Group Inc.’s holdings in Floor & Decor were worth $122,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after acquiring an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $35,000. Blue Trust Inc. lifted its stake in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Floor & Decor during the fourth quarter worth approximately $49,000. Finally, Allworth Financial LP grew its position in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after buying an additional 182 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FND shares. Piper Sandler cut their price objective on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Gordon Haskett cut Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Evercore ISI reduced their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average price target of $103.56.

Floor & Decor Price Performance

FND opened at $69.03 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.74. The stock has a fifty day moving average price of $86.04 and a 200 day moving average price of $98.68. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Floor & Decor Company Profile

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.