Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 21.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,687 shares of the company’s stock after selling 10,434 shares during the quarter. Blair William & Co. IL’s holdings in Floor & Decor were worth $3,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FND. Riverview Trust Co purchased a new stake in shares of Floor & Decor during the first quarter worth about $26,000. Rise Advisors LLC purchased a new stake in Floor & Decor during the 1st quarter worth approximately $39,000. Chris Bulman Inc acquired a new position in shares of Floor & Decor in the 2nd quarter valued at approximately $30,000. J.Safra Asset Management Corp boosted its stake in shares of Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares during the last quarter. Finally, RiverPark Advisors LLC grew its position in shares of Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after buying an additional 473 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FND shares. Telsey Advisory Group cut their price target on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price 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 boosted their price objective on Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 30th. Truist Financial cut their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company decreased their target price on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.84.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $119.62 on Friday. The firm’s 50 day moving average is $103.88 and its two-hundred day moving average is $111.00. The firm has a market capitalization of $12.80 billion, a P/E ratio of 57.79, a PEG ratio of 2.19 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 52 week low of $76.30 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.66 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 earnings per share 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.