Mutual of America Capital Management LLC Sells 2,229 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Mutual of America Capital Management LLC reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,270 shares of the company’s stock after selling 2,229 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Floor & Decor worth $6,091,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Virtu Financial LLC increased its stake in Floor & Decor by 95.8% in the 2nd quarter. Virtu Financial LLC now owns 21,846 shares of the company’s stock worth $2,172,000 after acquiring an additional 10,686 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Floor & Decor by 15.9% in the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after purchasing an additional 115,876 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Floor & Decor during the second quarter valued at $14,953,000. Oppenheimer Asset Management Inc. lifted its position in Floor & Decor by 7.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 92,928 shares of the company’s stock valued at $9,238,000 after purchasing an additional 6,453 shares during the last quarter. Finally, Thoroughbred Financial Services LLC purchased a new position in shares of Floor & Decor in the 2nd quarter worth $353,000.

Analyst Ratings Changes

Several analysts have recently issued reports on FND shares. Citigroup decreased their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Guggenheim dropped their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Truist Financial cut their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wedbush restated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research report on Friday, August 2nd. Finally, Robert W. Baird cut 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 report on Monday, July 29th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $103.84.

Floor & Decor Trading Down 0.8 %

Shares of NYSE FND opened at $119.62 on Friday. Floor & Decor Holdings, Inc. has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $103.88 and a two-hundred day simple moving average of $111.07. The firm has a market cap of $12.80 billion, a PE ratio of 57.79, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. Analysts expect that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current fiscal year.

Floor & Decor 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.