US Bancorp DE Lowers Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

US Bancorp DE lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 53.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,255 shares of the company’s stock after selling 16,484 shares during the quarter. US Bancorp DE’s holdings in Floor & Decor were worth $1,421,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FND. Louisiana State Employees Retirement System boosted its stake in shares of Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after acquiring an additional 110 shares during the last quarter. Tidal Investments LLC raised its holdings in Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after acquiring an additional 130 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Floor & Decor by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after acquiring an additional 133 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Floor & Decor by 0.3% during the 4th quarter. Amalgamated Bank now owns 51,679 shares of the company’s stock worth $5,152,000 after buying an additional 156 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FND shares. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Piper Sandler dropped their price target on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average price target of $106.68.

Floor & Decor Trading Up 0.9 %

Floor & Decor stock opened at $91.18 on Friday. Floor & Decor Holdings, Inc. has a 52 week low of $85.86 and a 52 week high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 47.99, a P/E/G ratio of 19.06 and a beta of 1.95. The company has a 50 day moving average price of $97.98 and a 200 day moving average price of $105.41.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. The business had revenue of $1.11 billion for 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 forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

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.