Strata Wealth Advisors LLC Sells 1,140 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Strata Wealth Advisors LLC trimmed its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,174 shares of the company’s stock after selling 1,140 shares during the period. Floor & Decor makes up 0.6% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Strata Wealth Advisors LLC’s holdings in Floor & Decor were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Floor & Decor during the 1st quarter valued at $26,000. Chris Bulman Inc bought a new position in Floor & Decor in the second quarter valued at about $30,000. Rise Advisors LLC bought a new position in Floor & Decor in the first quarter valued at about $39,000. J.Safra Asset Management Corp boosted its position in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the period.

Analysts Set New Price Targets

A number of research firms recently issued reports on FND. Robert W. Baird dropped their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Telsey Advisory Group cut their price objective on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, August 2nd. Finally, Melius Research initiated coverage on Floor & Decor in a research note on Monday. They issued a “sell” rating and a $80.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.65.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $119.75 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The stock has a 50 day moving average of $104.46 and a 200 day moving average of $110.85. The firm has a market cap of $12.81 billion, a PE ratio of 57.85, a PEG ratio of 2.19 and a beta of 1.79.

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

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.