Trexquant Investment LP Sells 2,250 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Trexquant Investment LP lessened its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 15.9% during the 4th quarter, Holdings Channel reports. The firm owned 11,865 shares of the company’s stock after selling 2,250 shares during the period. Trexquant Investment LP’s holdings in Floor & Decor were worth $1,183,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Floor & Decor during the 3rd quarter valued at approximately $34,000. Whipplewood Advisors LLC bought a new stake in Floor & Decor during the 4th quarter valued at approximately $35,000. Blue Trust Inc. raised its stake in Floor & Decor by 59.9% during the 4th 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 period. Bank of Jackson Hole Trust bought a new stake in Floor & Decor during the 4th quarter valued at approximately $49,000. Finally, Allworth Financial LP raised its stake in Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after purchasing an additional 182 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FND shares. Piper Sandler decreased 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. Evercore ISI reduced their price objective on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Friday, February 21st. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Finally, Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Two equities research 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.com, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $103.56.

Floor & Decor Price Performance

Shares of FND stock opened at $74.22 on Friday. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $126.74. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 19.06 and a beta of 1.86. The stock has a fifty day simple moving average of $88.41 and a two-hundred day simple moving average of $99.87. 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 (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping 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 analysts’ expectations of $1.08 billion. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS 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.