Federated Hermes Inc. Cuts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Federated Hermes Inc. cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 458,001 shares of the company’s stock after selling 19,509 shares during the period. Federated Hermes Inc. owned about 0.43% of Floor & Decor worth $45,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Floor & Decor by 40.6% in the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after buying an additional 265,622 shares during the period. Duality Advisers LP acquired a new position in Floor & Decor during the 1st quarter worth approximately $4,238,000. Dimensional Fund Advisors LP increased its position in shares of Floor & Decor by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after purchasing an additional 79,210 shares during the last quarter. American International Group Inc. increased its position in shares of Floor & Decor by 7,906.5% in the 4th quarter. American International Group Inc. now owns 144,837 shares of the company’s stock valued at $16,158,000 after purchasing an additional 143,028 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $6,212,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus raised their target price on Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Citigroup lowered their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Guggenheim cut their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.84.

Floor & Decor Price Performance

Floor & Decor stock opened at $113.92 on Friday. The business has a 50 day simple moving average of $101.32 and a 200-day simple moving average of $111.13. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The stock has a market capitalization of $12.21 billion, a PE ratio of 55.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. Floor & Decor’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 EPS. Equities analysts predict that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

Floor & Decor Profile

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.