State of New Jersey Common Pension Fund D Sells 17,823 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

State of New Jersey Common Pension Fund D cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 32.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,227 shares of the company’s stock after selling 17,823 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Floor & Decor were worth $3,701,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Riverview Trust Co bought a new position in shares of Floor & Decor in the 1st quarter valued at about $26,000. Chris Bulman Inc acquired a new position in Floor & Decor during the second quarter worth $30,000. Rise Advisors LLC acquired a new position in Floor & Decor during the first quarter worth $39,000. J.Safra Asset Management Corp increased its holdings in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Floor & Decor by 36.7% in the second 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 last quarter.

Floor & Decor Stock Up 0.8 %

Shares of FND opened at $117.56 on Wednesday. The firm has a market cap of $12.58 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The company’s 50-day moving average price is $101.81 and its 200 day moving average price is $111.01. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FND shares. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, August 2nd. Citigroup lowered their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Guggenheim lowered their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Truist Financial lowered their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus increased their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.84.

About Floor & Decor

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.