Ontario Teachers Pension Plan Board Sells 9,500 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Ontario Teachers Pension Plan Board cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 63.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,389 shares of the company’s stock after selling 9,500 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Floor & Decor were worth $669,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Chris Bulman Inc purchased a new stake in Floor & Decor during the 2nd quarter valued at $30,000. Blue Trust Inc. boosted its holdings in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC increased its holdings in Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the period. Finally, UMB Bank n.a. increased its holdings in Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares during the period.

Wall Street Analysts Forecast Growth

FND has been the subject of several recent research reports. Robert W. Baird lowered their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Piper Sandler lowered their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Stifel Nicolaus boosted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Up 3.5 %

Shares of NYSE:FND opened at $107.15 on Friday. The stock has a 50-day simple moving average of $110.09 and a 200-day simple moving average of $108.15. The stock has a market capitalization of $11.49 billion, a P/E ratio of 59.53, a PEG ratio of 13.00 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. 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 issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Floor & Decor 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.