Ameritas Investment Partners Inc. Has $2.26 Million Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Ameritas Investment Partners Inc. decreased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,761 shares of the company’s stock after selling 770 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Floor & Decor were worth $2,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverview Trust Co acquired a new stake in Floor & Decor in the 1st quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of Floor & Decor during the 1st quarter worth approximately $39,000. Chris Bulman Inc acquired a new stake in shares of Floor & Decor in the second quarter valued at approximately $30,000. J.Safra Asset Management Corp lifted its position 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 in the last quarter. Finally, RiverPark Advisors LLC boosted its holdings in Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after purchasing an additional 473 shares during the last quarter.

Wall Street Analyst Weigh In

FND has been the topic of several recent research reports. Telsey Advisory Group lowered their price target on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, August 2nd. TD Cowen decreased their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Guggenheim cut their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Stifel Nicolaus raised their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.84.

Floor & Decor Trading Down 0.8 %

Shares of NYSE:FND opened at $119.62 on Friday. The stock has a market cap of $12.80 billion, a PE ratio of 57.79, a P/E/G ratio of 2.19 and a beta of 1.79. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The business has a 50 day moving average of $103.88 and a 200-day moving average of $111.00.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $0.66 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

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.