Farther Finance Advisors LLC Trims Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Farther Finance Advisors LLC cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338 shares of the company’s stock after selling 153 shares during the quarter. Farther Finance Advisors LLC’s holdings in Floor & Decor were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FND. Thrivent Financial for Lutherans grew its position in shares of Floor & Decor by 8.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 31,818 shares of the company’s stock worth $3,951,000 after buying an additional 2,586 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after buying an additional 12,109 shares during the period. Citigroup Inc. grew its position in Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after purchasing an additional 16,569 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Floor & Decor by 66.2% during the 3rd quarter. Cerity Partners LLC now owns 4,377 shares of the company’s stock valued at $543,000 after purchasing an additional 1,744 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently commented on the stock. Gordon Haskett raised 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 report on Friday, February 21st. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Friday, February 21st. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research report on Thursday, January 30th. Finally, Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $104.83.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $84.23 on Monday. Floor & Decor Holdings, Inc. has a twelve month low of $80.82 and a twelve month high of $131.85. The stock has a market capitalization of $9.05 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The firm’s 50 day moving average price is $95.76 and its 200-day moving average price is $103.71. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

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

Floor & Decor Company 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.