Truist Financial Corp Sells 2,423 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Truist Financial Corp lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 31.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,337 shares of the company’s stock after selling 2,423 shares during the quarter. Truist Financial Corp’s holdings in Floor & Decor were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Floor & Decor in the 3rd quarter worth approximately $34,000. Blue Trust Inc. raised its holdings in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after purchasing an additional 166 shares during the period. Allworth Financial LP raised its holdings in shares of Floor & Decor by 46.3% in the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after purchasing an additional 182 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Floor & Decor in the 3rd quarter worth approximately $74,000. Finally, UMB Bank n.a. raised its holdings in Floor & Decor by 30.8% during the 4th quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $93,000 after acquiring an additional 220 shares during the period.

Floor & Decor Stock Performance

Floor & Decor stock opened at $92.07 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $9.87 billion, a PE ratio of 48.46, a P/E/G ratio of 19.06 and a beta of 1.83. The firm has a fifty day simple moving average of $99.16 and a two-hundred day simple moving average of $105.98. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Analysts Set New Price Targets

FND has been the topic of a number of analyst reports. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and boosted their target price for the company from $100.00 to $110.00 in a report on Monday, February 24th. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $106.68.

Floor & Decor Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.