Amalgamated Bank Sells 4,652 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Amalgamated Bank cut its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 7.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,470 shares of the company’s stock after selling 4,652 shares during the period. Amalgamated Bank owned approximately 0.05% of Floor & Decor worth $5,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its position in shares of Floor & Decor by 95.8% during the second quarter. Virtu Financial LLC now owns 21,846 shares of the company’s stock worth $2,172,000 after buying an additional 10,686 shares during the period. Dimensional Fund Advisors LP lifted its stake in Floor & Decor by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after acquiring an additional 115,876 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Floor & Decor during the 2nd quarter worth approximately $14,953,000. Oppenheimer Asset Management Inc. grew its stake in shares of Floor & Decor by 7.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 92,928 shares of the company’s stock worth $9,238,000 after acquiring an additional 6,453 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of Floor & Decor in the second quarter valued at approximately $353,000.

Floor & Decor Price Performance

Shares of NYSE FND opened at $119.62 on Friday. The firm has a market cap of $12.80 billion, a P/E ratio of 57.79, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The business’s 50 day moving average is $103.88 and its 200-day moving average is $111.07. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FND. Robert W. Baird decreased their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company dropped their target price on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Telsey Advisory Group reduced their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Finally, Guggenheim lowered their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.84.

About Floor & Decor

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.