Centaurus Financial Inc. Decreases Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Centaurus Financial Inc. lessened its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,866 shares of the company’s stock after selling 427 shares during the quarter. Floor & Decor comprises 1.0% of Centaurus Financial Inc.’s portfolio, making the stock its 15th biggest holding. Centaurus Financial Inc.’s holdings in Floor & Decor were worth $14,898,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of Floor & Decor in the 1st quarter worth approximately $26,000. Rise Advisors LLC purchased a new stake in Floor & Decor in the first quarter worth $39,000. Chris Bulman Inc bought a new stake in shares of Floor & Decor during the second quarter worth $30,000. J.Safra Asset Management Corp boosted its stake in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the period. Finally, RiverPark Advisors LLC boosted its stake in shares of Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after purchasing an additional 473 shares during the period.

Analysts Set New Price Targets

FND has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Wells Fargo & Company reduced their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Robert W. Baird decreased their target price on 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 equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $103.85.

Floor & Decor Stock Down 0.4 %

NYSE:FND opened at $120.77 on Thursday. The company has a market cap of $12.92 billion, a PE ratio of 58.34, a P/E/G ratio of 2.46 and a beta of 1.79. 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 twelve month low of $76.30 and a twelve month high of $135.67. The company’s 50 day moving average is $107.76 and its two-hundred day moving average is $110.80.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company 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 firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. Analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current 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.