Baillie Gifford & Co. Sells 264,088 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Baillie Gifford & Co. lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 12.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,839,545 shares of the company’s stock after selling 264,088 shares during the period. Baillie Gifford & Co.’s holdings in Floor & Decor were worth $183,403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its holdings in Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Floor & Decor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after purchasing an additional 110 shares during the last quarter. Tidal Investments LLC increased its holdings in Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after purchasing an additional 130 shares during the last quarter. Silver Coast Investments LLC increased its holdings in Floor & Decor by 5.1% in the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after purchasing an additional 150 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after purchasing an additional 166 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FND shares. Piper Sandler dropped their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $100.00 in a report on Friday. Telsey Advisory Group upgraded Floor & Decor from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $95.00 to $115.00 in a report on Friday. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a report on Thursday, January 30th. Finally, Stifel Nicolaus increased their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $106.22.

Floor & Decor Trading Down 0.3 %

NYSE FND opened at $97.54 on Monday. 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 twelve month low of $89.06 and a twelve month high of $135.67. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 54.19, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83. The business’s fifty day moving average is $101.25 and its 200 day moving average is $106.09.

Floor & Decor 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.