Corebridge Financial Inc. Has $12.14 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Corebridge Financial Inc. lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 4.2% during the 4th quarter, Holdings Channel reports. The fund owned 121,759 shares of the company’s stock after selling 5,400 shares during the period. Corebridge Financial Inc.’s holdings in Floor & Decor were worth $12,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD acquired a new position in Floor & Decor during the fourth quarter worth $128,797,000. Madison Investment Advisors LLC bought a new position in shares of Floor & Decor in the fourth quarter valued at $97,552,000. Principal Financial Group Inc. increased its position in shares of Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after acquiring an additional 926,208 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Floor & Decor in the 4th quarter worth about $54,640,000.

Floor & Decor Trading Down 3.4 %

NYSE:FND opened at $82.79 on Wednesday. The firm’s 50 day moving average is $95.28 and its 200 day moving average is $103.41. Floor & Decor Holdings, Inc. has a 12 month low of $80.82 and a 12 month high of $131.76. The stock has a market capitalization of $8.89 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. 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 (NYSE:FND) last issued its 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. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on FND. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Piper Sandler decreased their price target on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.11.

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.