Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 48.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,831 shares of the company’s stock after selling 4,547 shares during the quarter. Park Avenue Securities LLC’s holdings in Floor & Decor were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Floor & Decor by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after purchasing an additional 115,876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after buying an additional 169 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Floor & Decor by 4.9% during the second quarter. Ensign Peak Advisors Inc now owns 35,131 shares of the company’s stock worth $3,492,000 after buying an additional 1,650 shares during the period. Marshall Wace LLP purchased a new position in shares of Floor & Decor during the second quarter worth about $1,508,000. Finally, Fred Alger Management LLC increased its position in Floor & Decor by 2.8% in the 2nd quarter. Fred Alger Management LLC now owns 65,747 shares of the company’s stock valued at $6,536,000 after acquiring an additional 1,808 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FND shares. Piper Sandler decreased their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company lifted 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. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Mizuho lifted their target price 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, Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $104.67.

Floor & Decor Stock Performance

Shares of FND stock opened at $102.14 on Friday. 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 stock has a market cap of $10.95 billion, a PE ratio of 56.75, a P/E/G ratio of 11.34 and a beta of 1.84. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The stock has a fifty day moving average price of $104.03 and a 200 day moving average price of $105.16.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share 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.