Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,585 shares of the company’s stock after selling 104 shares during the quarter. Bleakley Financial Group LLC’s holdings in Floor & Decor were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FND. Riverview Trust Co acquired a new stake in shares of Floor & Decor in the 1st quarter valued at $26,000. Chris Bulman Inc acquired a new stake in Floor & Decor during the 2nd quarter worth $30,000. J.Safra Asset Management Corp raised its stake in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after acquiring an additional 372 shares in the last quarter. GAMMA Investing LLC raised its stake in Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after acquiring an additional 189 shares in the last quarter. Finally, RiverPark Advisors LLC raised its stake in Floor & Decor by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after acquiring an additional 473 shares in the last quarter.

Floor & Decor Stock Down 2.0 %

Shares of NYSE FND opened at $104.20 on Wednesday. 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 capitalization of $11.15 billion, a PE ratio of 50.34, a price-to-earnings-growth ratio of 15.35 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The firm’s 50-day moving average is $112.32 and its two-hundred day moving average is $109.44.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Melius Research assumed coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Citigroup cut their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Wells Fargo & Company cut their price target on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Robert W. Baird dropped their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Finally, TD Cowen dropped their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.42.

Floor & Decor Company 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.