Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,151,793 shares of the company’s stock after selling 73,989 shares during the period. Floor & Decor accounts for 1.6% of Riverbridge Partners LLC’s portfolio, making the stock its 21st biggest holding. Riverbridge Partners LLC’s holdings in Floor & Decor were worth $114,834,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Floor & Decor in the third quarter worth $74,000. UMB Bank n.a. increased its holdings in shares of Floor & Decor by 37.8% during the third 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. 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 valued at $115,000 after purchasing an additional 200 shares in the last quarter.

Floor & Decor Stock Performance

FND stock opened at $100.74 on Thursday. The firm has a 50 day simple moving average of $104.03 and a 200 day simple moving average of $105.18. Floor & Decor Holdings, Inc. has a 52 week low of $89.06 and a 52 week high of $135.67. The stock has a market cap of $10.80 billion, a P/E ratio of 55.97, a P/E/G ratio of 11.34 and a beta of 1.84. 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 earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. 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 business posted $0.61 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Mizuho lifted 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. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and a consensus price target of $104.67.

About Floor & Decor

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.