Public Employees Retirement Association of Colorado Has $1.06 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Public Employees Retirement Association of Colorado lowered its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,662 shares of the company’s stock after selling 353 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Floor & Decor were worth $1,060,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its position in Floor & Decor by 4.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after acquiring an additional 96 shares during the period. Vancity Investment Management Ltd raised its position in shares of Floor & Decor by 1.5% during the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after buying an additional 111 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Floor & Decor by 2.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after buying an additional 120 shares during the period. PNC Financial Services Group Inc. grew its position in Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after buying an additional 121 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after acquiring an additional 138 shares during the period.

Analyst Ratings Changes

FND has been the topic of a number of research reports. JPMorgan Chase & Co. lowered 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. Stifel Nicolaus boosted their price target on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 30th. Truist Financial reduced their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Guggenheim dropped their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Evercore ISI cut their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average target price of $102.65.

Floor & Decor Stock Up 0.8 %

NYSE:FND opened at $120.65 on Wednesday. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 58.29, a P/E/G 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 stock’s fifty day moving average price is $104.97 and its two-hundred day moving average price is $110.82. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last posted 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. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. On average, analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

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.