Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 21.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,687 shares of the company’s stock after selling 10,434 shares during the period. Blair William & Co. IL’s holdings in Floor & Decor were worth $3,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FND. Riverview Trust Co acquired a new stake in Floor & Decor in the 1st quarter valued at about $26,000. Chris Bulman Inc acquired a new stake in shares of Floor & Decor in the second quarter valued at approximately $30,000. Rise Advisors LLC purchased a new position in shares of Floor & Decor during the 1st quarter worth approximately $39,000. J.Safra Asset Management Corp raised its position in shares of Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FND shares. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, August 2nd. Telsey Advisory Group reduced their target price on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price objective on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Truist Financial decreased their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $103.84.

Floor & Decor Price Performance

FND opened at $119.62 on Friday. Floor & Decor Holdings, Inc. has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a 50 day moving average of $103.88 and a two-hundred day moving average of $111.00. The company has a market cap of $12.80 billion, a P/E ratio of 57.79, a P/E/G ratio of 2.19 and a beta of 1.79. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current 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.