Northwestern Mutual Wealth Management Co. Reduces Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Northwestern Mutual Wealth Management Co. reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 41.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,381 shares of the company’s stock after selling 966 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Floor & Decor were worth $137,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in Floor & Decor during the 1st quarter worth about $26,000. Rise Advisors LLC purchased a new stake in shares of Floor & Decor in the first quarter worth about $39,000. Chris Bulman Inc bought a new position in shares of Floor & Decor in the second quarter valued at approximately $30,000. J.Safra Asset Management Corp grew its stake in 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 acquiring an additional 372 shares in the last quarter. Finally, RiverPark Advisors LLC increased its holdings in Floor & Decor by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after acquiring an additional 473 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FND. Piper Sandler boosted their price target on shares of Floor & Decor from $95.00 to $119.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Melius Research assumed coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price on the stock. Guggenheim dropped their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Three research 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. According to MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $104.42.

Floor & Decor Trading Down 2.1 %

Shares of FND stock opened at $112.43 on Friday. The business has a 50-day moving average of $110.54 and a 200 day moving average of $110.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. Floor & Decor Holdings, Inc. has a 1-year low of $76.30 and a 1-year high of $135.67. The stock has a market capitalization of $12.03 billion, a PE ratio of 54.31, a P/E/G ratio of 2.46 and a beta of 1.80.

Floor & Decor (NYSE:FND) last released its quarterly earnings data 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. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

Floor & Decor Company 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.