Janney Montgomery Scott LLC Sells 536 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Janney Montgomery Scott LLC decreased its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 23,377 shares of the company’s stock after selling 536 shares during the period. Janney Montgomery Scott LLC’s holdings in Floor & Decor were worth $2,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Floor & Decor in the 2nd quarter worth $1,508,000. AQR Capital Management LLC bought a new stake in shares of Floor & Decor in the second quarter valued at about $231,000. Algert Global LLC bought a new stake in shares of Floor & Decor in the second quarter valued at about $1,018,000. Creative Planning lifted its stake in Floor & Decor by 5.2% in the second quarter. Creative Planning now owns 8,767 shares of the company’s stock worth $872,000 after acquiring an additional 430 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Floor & Decor during the 2nd quarter worth about $253,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Wells Fargo & Company boosted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Stifel Nicolaus upped their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.67.

Floor & Decor Stock Performance

FND opened at $100.05 on Friday. The company has a market cap of $10.73 billion, a P/E ratio of 55.58, a price-to-earnings-growth ratio of 11.31 and a beta of 1.84. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $103.88 and its 200-day moving average price is $105.69. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 1.72 EPS for the current fiscal year.

Floor & Decor Company 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.