Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 34.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,422 shares of the company’s stock after selling 2,356 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Floor & Decor were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chris Bulman Inc purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $30,000. Blue Trust Inc. grew its holdings in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. J.Safra Asset Management Corp increased 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 valued at $43,000 after buying an additional 372 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 189 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying an additional 196 shares in the last quarter.

Floor & Decor Price Performance

Shares of FND opened at $100.46 on Friday. The firm has a 50-day simple moving average of $110.92 and a two-hundred day simple moving average of $108.63. The stock has a market cap of $10.77 billion, a PE ratio of 55.81, a P/E/G ratio of 14.28 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 1-year low of $77.01 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

FND has been the subject of several recent analyst reports. Piper Sandler cut their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Robert W. Baird decreased their price target 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. Mizuho lifted their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, TD Cowen reduced their target price on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $104.37.

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.