Pitcairn Co. Has $365,000 Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Pitcairn Co. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,662 shares of the company’s stock after selling 1,508 shares during the quarter. Pitcairn Co.’s holdings in Floor & Decor were worth $365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FND. Quarry LP bought a new stake in shares of Floor & Decor during the 3rd quarter valued at approximately $34,000. Huntington National Bank lifted its stake 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 purchasing an additional 188 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $35,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after buying an additional 166 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Floor & Decor during the fourth quarter worth $49,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FND. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. Finally, Gordon Haskett lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.56.

Floor & Decor Price Performance

Shares of FND opened at $71.55 on Friday. The firm has a market cap of $7.68 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74. 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 business’s 50 day moving average price is $91.82 and its two-hundred day moving average price is $101.66.

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