Park Avenue Securities LLC Has $1.16 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Park Avenue Securities LLC lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 17.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,378 shares of the company’s stock after selling 2,033 shares during the period. Park Avenue Securities LLC’s holdings in Floor & Decor were worth $1,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its position in Floor & Decor by 4.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after purchasing an additional 96 shares during the last quarter. Vancity Investment Management Ltd lifted its holdings in shares of Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after buying an additional 111 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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 buying an additional 121 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Floor & Decor by 1.2% in the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after buying an additional 127 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after acquiring an additional 138 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FND shares. Robert W. Baird dropped their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Truist Financial lowered 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. Guggenheim reduced their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus increased their price objective on Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 30th. Finally, Evercore ISI reduced their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $104.42.

Floor & Decor Stock Up 2.4 %

Shares of FND opened at $114.71 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The company has a 50-day simple moving average of $109.84 and a 200-day simple moving average of $110.46. Floor & Decor Holdings, Inc. has a 52 week low of $76.30 and a 52 week high of $135.67. The firm has a market capitalization of $12.28 billion, a P/E ratio of 55.42, a P/E/G ratio of 2.46 and a beta of 1.80.

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