Floor & Decor Holdings, Inc. (NYSE:FND) Stake Cut by Atria Investments Inc

Atria Investments Inc reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 6,636 shares of the company’s stock after selling 368 shares during the period. Atria Investments Inc’s holdings in Floor & Decor were worth $662,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new stake in Floor & Decor in the 3rd quarter worth about $34,000. Whipplewood Advisors LLC purchased a new stake in shares of Floor & Decor during the 4th quarter worth about $35,000. Blue Trust Inc. raised its stake in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after purchasing an additional 166 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor during the 4th quarter worth about $49,000. Finally, Allworth Financial LP raised its stake in shares of Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after purchasing an additional 182 shares in the last quarter.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $85.73 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $84.07 and a 1-year high of $135.67. The firm has a market capitalization of $9.21 billion, a PE ratio of 45.12, a PEG ratio of 19.06 and a beta of 1.95. The business’s 50 day moving average is $97.19 and its 200-day moving average is $104.89. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FND. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $100.00 in a report on Friday, February 14th. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $104.83.

About Floor & Decor

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.