PNC Financial Services Group Inc. Lowers Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

PNC Financial Services Group Inc. lessened its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 10.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,231 shares of the company’s stock after selling 1,265 shares during the period. PNC Financial Services Group Inc.’s holdings in Floor & Decor were worth $1,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Floor & Decor during the third quarter worth about $1,887,000. Thrivent Financial for Lutherans lifted its holdings in shares of Floor & Decor by 8.8% during the third quarter. Thrivent Financial for Lutherans now owns 31,818 shares of the company’s stock valued at $3,951,000 after purchasing an additional 2,586 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Floor & Decor by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 408,012 shares of the company’s stock worth $50,663,000 after purchasing an additional 51,322 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after buying an additional 110 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Floor & Decor by 9.0% in the 3rd quarter. KBC Group NV now owns 2,825 shares of the company’s stock worth $351,000 after buying an additional 234 shares during the last quarter.

Floor & Decor Stock Performance

NYSE:FND opened at $114.75 on Wednesday. The stock has a 50-day moving average price of $110.11 and a 200 day moving average price of $108.00. The stock has a market capitalization of $12.30 billion, a P/E ratio of 63.75, a P/E/G ratio of 14.63 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. 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 announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FND shares. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Mizuho increased their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.