Wellington Management Group LLP Sells 258,414 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Wellington Management Group LLP trimmed its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 26.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 711,969 shares of the company’s stock after selling 258,414 shares during the period. Wellington Management Group LLP owned approximately 0.66% of Floor & Decor worth $88,405,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Floor & Decor during the 3rd quarter worth approximately $34,000. Blue Trust Inc. lifted its holdings in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares in the last quarter. Chris Bulman Inc bought a new position in shares of Floor & Decor in the 2nd quarter worth $30,000. J.Safra Asset Management Corp lifted its holdings in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after purchasing an additional 196 shares in the last quarter.

Floor & Decor Trading Down 1.0 %

Shares of FND opened at $111.88 on Wednesday. The business has a 50-day moving average of $108.21 and a 200 day moving average of $107.46. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm has a market cap of $12.00 billion, a P/E ratio of 62.16, a price-to-earnings-growth ratio of 14.36 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data 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 company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FND shares. Stifel Nicolaus increased their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Melius Research initiated coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.