iA Global Asset Management Inc. Sells 925 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

iA Global Asset Management Inc. decreased its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,201 shares of the company’s stock after selling 925 shares during the period. iA Global Asset Management Inc.’s holdings in Floor & Decor were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of FND. Polen Capital Management LLC lifted its position in Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. Capital World Investors grew its holdings in Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after purchasing an additional 627,256 shares during the period. Vanguard Group Inc. grew its holdings in Floor & Decor by 0.8% during the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after purchasing an additional 81,305 shares during the period. Capital Research Global Investors grew its holdings in Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after purchasing an additional 1,334,650 shares during the period. Finally, Capital International Investors grew its holdings in Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after purchasing an additional 73,448 shares during the period.

Floor & Decor Trading Up 1.6 %

Shares of FND stock opened at $112.44 on Friday. Floor & Decor Holdings, Inc. has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The stock’s 50 day simple moving average is $99.75 and its two-hundred day simple moving average is $111.45. The company has a market cap of $12.03 billion, a PE ratio of 54.32, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts predict that Floor & Decor Holdings, Inc. will post 1.81 earnings per share for the current year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

FND has been the subject of a number of recent analyst reports. Citigroup dropped their price objective on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Truist Financial dropped their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Evercore ISI dropped their price objective on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, August 2nd. Finally, Wells Fargo & Company dropped their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Two equities 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 company’s stock. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $103.84.

About Floor & Decor

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.