Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,851 shares of the company’s stock after selling 765 shares during the period. Bank of Montreal Can’s holdings in Floor & Decor were worth $1,576,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FND. Riverview Trust Co purchased a new stake in Floor & Decor during the 1st quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor during the 1st quarter worth about $39,000. Chris Bulman Inc purchased a new stake in Floor & Decor during the second quarter worth approximately $30,000. J.Safra Asset Management Corp boosted its holdings in Floor & Decor by 630.5% in 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 in the last quarter. Finally, RiverPark Advisors LLC increased its stake in Floor & Decor by 361.1% in 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 last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FND. TD Cowen reduced their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Robert W. Baird reduced their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Piper Sandler raised their price objective on Floor & Decor from $95.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Telsey Advisory Group reduced their target price on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Finally, Citigroup dropped their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and a consensus target price of $104.42.

Floor & Decor Stock Down 5.3 %

Shares of NYSE:FND opened at $111.94 on Friday. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $108.85 and its 200-day simple moving average is $110.92. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 54.65, a PEG ratio of 2.46 and a beta of 1.79.

Floor & Decor (NYSE:FND) last announced 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. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates 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 for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, equities research analysts predict 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.