Floor & Decor Holdings, Inc. (NYSE:FND) Stake Lessened by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 25.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,431 shares of the company’s stock after selling 478 shares during the period. Cullen Frost Bankers Inc.’s holdings in Floor & Decor were worth $143,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after buying an additional 30,310 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Floor & Decor by 63.9% in the third quarter. Verdence Capital Advisors LLC now owns 4,890 shares of the company’s stock worth $607,000 after acquiring an additional 1,907 shares in the last quarter. Atria Investments Inc raised its position in Floor & Decor by 4.0% in the third quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock worth $870,000 after acquiring an additional 267 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Floor & Decor by 5.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,290 shares of the company’s stock valued at $906,000 after acquiring an additional 350 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Floor & Decor by 45.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,412 shares of the company’s stock valued at $424,000 after purchasing an additional 1,064 shares in the last quarter.

Analysts Set New Price Targets

FND has been the topic of a number of research reports. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Finally, Piper Sandler reduced their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $106.68.

Floor & Decor Price Performance

FND opened at $91.18 on Monday. The stock has a fifty day moving average price of $97.98 and a 200 day moving average price of $105.38. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1 year low of $85.86 and a 1 year high of $135.67. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.