Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 48.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,831 shares of the company’s stock after selling 4,547 shares during the quarter. Park Avenue Securities LLC’s holdings in Floor & Decor were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FND. FMR LLC boosted its stake in Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after buying an additional 1,291,214 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after purchasing an additional 333,338 shares during the last quarter. JPMorgan Chase & Co. raised its position in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 shares during the period. State Street Corp lifted its stake in Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its position in shares of Floor & Decor by 30.2% during the third quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock worth $73,478,000 after buying an additional 137,388 shares during the period.

Floor & Decor Trading Up 1.4 %

FND opened at $102.14 on Friday. 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 Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67. The company has a market cap of $10.95 billion, a P/E ratio of 56.75, a PEG ratio of 11.34 and a beta of 1.84. The business’s 50-day simple moving average is $104.03 and its 200-day simple moving average is $105.16.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FND. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Mizuho increased their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Wedbush restated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average price target of $104.67.

Floor & Decor Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.