Farther Finance Advisors LLC Sells 200 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Farther Finance Advisors LLC reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 28.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 491 shares of the company’s stock after selling 200 shares during the quarter. Farther Finance Advisors LLC’s holdings in Floor & Decor were worth $61,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FND. Russell Investments Group Ltd. raised its position in shares of Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock valued at $12,050,000 after purchasing an additional 12,158 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Floor & Decor by 14.1% in the 1st quarter. Bleakley Financial Group LLC now owns 2,455 shares of the company’s stock valued at $318,000 after purchasing an additional 303 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Floor & Decor by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 98,621 shares of the company’s stock valued at $12,783,000 after purchasing an additional 2,736 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Floor & Decor in the 1st quarter valued at approximately $24,791,000. Finally, Orion Portfolio Solutions LLC raised its position in shares of Floor & Decor by 3.7% in the 1st quarter. Orion Portfolio Solutions LLC now owns 18,200 shares of the company’s stock valued at $2,359,000 after purchasing an additional 643 shares during the last quarter.

Floor & Decor Price Performance

Floor & Decor stock opened at $102.40 on Thursday. The company’s fifty day moving average price is $110.54 and its 200 day moving average price is $108.48. Floor & Decor Holdings, Inc. has a 1 year low of $83.56 and a 1 year high of $135.67. The stock has a market capitalization of $10.98 billion, a P/E ratio of 56.89, a P/E/G ratio of 13.27 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

FND has been the subject of several research analyst reports. Mizuho increased their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Finally, Robert W. Baird reduced their price target 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. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $104.37.

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.