Sei Investments Co. Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Sei Investments Co. raised its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 317,311 shares of the company’s stock after buying an additional 6,029 shares during the quarter. Sei Investments Co. owned approximately 0.30% of Floor & Decor worth $31,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Floor & Decor during the 4th quarter worth $39,315,000. PNC Financial Services Group Inc. increased its position in Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after acquiring an additional 121 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after acquiring an additional 120 shares during the last quarter. Stifel Financial Corp lifted its position in Floor & Decor by 1.1% during the 4th quarter. Stifel Financial Corp now owns 128,769 shares of the company’s stock worth $14,365,000 after acquiring an additional 1,361 shares during the period. Finally, Weiss Asset Management LP purchased a new position in shares of Floor & Decor in the 4th quarter valued at approximately $611,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Guggenheim dropped their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Truist Financial reduced their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Melius Research began coverage on Floor & Decor in a research report on Monday. They set a “sell” rating and a $80.00 target price on the stock. Finally, Robert W. Baird reduced their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $102.65.

Floor & Decor Stock Up 0.1 %

FND opened at $119.75 on Tuesday. The firm has a market cap of $12.81 billion, a P/E ratio of 57.85, a PEG 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. The business’s fifty day simple moving average is $104.46 and its 200 day simple moving average is $110.85. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data 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. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current fiscal year.

Floor & Decor Company 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.