Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Pitcairn Co.

Pitcairn Co. lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 21.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,170 shares of the company’s stock after selling 1,371 shares during the period. Pitcairn Co.’s holdings in Floor & Decor were worth $642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its position in Floor & Decor by 20.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,515 shares of the company’s stock valued at $585,000 after purchasing an additional 770 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Floor & Decor by 0.6% in the 1st quarter. Janus Henderson Group PLC now owns 56,783 shares of the company’s stock valued at $7,359,000 after buying an additional 334 shares during the period. Tidal Investments LLC acquired a new stake in shares of Floor & Decor in the 1st quarter valued at approximately $230,000. Virtu Financial LLC boosted its stake in shares of Floor & Decor by 117.7% in the first quarter. Virtu Financial LLC now owns 11,160 shares of the company’s stock valued at $1,447,000 after buying an additional 6,033 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Floor & Decor by 263.8% during the first quarter. Cetera Investment Advisers now owns 27,426 shares of the company’s stock worth $3,555,000 after acquiring an additional 19,888 shares during the period.

Floor & Decor Trading Up 6.4 %

Shares of Floor & Decor stock opened at $119.22 on Tuesday. The firm has a market cap of $12.78 billion, a PE ratio of 66.23, a P/E/G ratio of 14.63 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The business’s fifty day moving average is $110.06 and its two-hundred day moving average is $108.00.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FND. Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Mizuho increased 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 research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Company 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.