Victory Capital Management Inc. Has $3.83 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Victory Capital Management Inc. cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,551 shares of the company’s stock after selling 1,366 shares during the period. Victory Capital Management Inc.’s holdings in Floor & Decor were worth $3,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FND. Benjamin F. Edwards & Company Inc. increased its stake in shares of Floor & Decor by 4.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after purchasing an additional 96 shares during the last quarter. Vancity Investment Management Ltd increased its stake in shares of Floor & Decor by 1.5% in the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after purchasing an additional 111 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after purchasing an additional 117 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after acquiring an additional 120 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Floor & Decor by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after acquiring an additional 121 shares during the last quarter.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $116.64 on Tuesday. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 2.19 and a beta of 1.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The business’s 50 day moving average price is $101.32 and its 200 day moving average price is $111.04.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, research analysts predict that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

Analyst Upgrades and Downgrades

FND has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. TD Cowen reduced their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Robert W. Baird reduced their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Evercore ISI reduced their price target on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Finally, Truist Financial reduced their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $103.84.

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.