Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 11.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,351 shares of the company’s stock after selling 423 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Floor & Decor were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted 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 worth $285,000 after acquiring an additional 96 shares during the period. Vancity Investment Management Ltd increased its holdings 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of Floor & Decor by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock valued at $1,092,000 after purchasing an additional 127 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after purchasing an additional 138 shares in the last quarter.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $111.94 on Friday. The company has a 50-day simple moving average of $109.17 and a 200-day simple moving average of $110.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a market cap of $11.98 billion, a PE ratio of 54.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.80.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, August 2nd. Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Citigroup cut their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Evercore ISI cut their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Finally, Guggenheim dropped their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.42.

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.