Ingalls & Snyder LLC Sells 412 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Ingalls & Snyder LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,780 shares of the company’s stock after selling 412 shares during the period. Ingalls & Snyder LLC’s holdings in Floor & Decor were worth $1,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FND. Blue Trust Inc. raised its position in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. Quarry LP bought a new stake in Floor & Decor in the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB purchased a new stake in Floor & Decor in the third quarter worth approximately $74,000. UMB Bank n.a. grew its position in Floor & Decor by 30.8% during the fourth quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $93,000 after acquiring an additional 220 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in shares of Floor & Decor by 21.1% during the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock worth $115,000 after acquiring an additional 200 shares in the last quarter.

Analyst Upgrades and Downgrades

FND has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. JPMorgan Chase & Co. boosted their target price on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday. Piper Sandler reduced their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus target price of $105.67.

Floor & Decor Price Performance

Shares of NYSE FND opened at $97.96 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The company’s 50-day moving average is $101.50 and its 200 day moving average is $105.96. The stock has a market capitalization of $10.50 billion, a P/E ratio of 54.42, a P/E/G ratio of 11.51 and a beta of 1.83.

Floor & Decor Company Profile

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.