Janney Montgomery Scott LLC Sells 1,228 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Janney Montgomery Scott LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,913 shares of the company’s stock after selling 1,228 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Floor & Decor were worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in FND. Chris Bulman Inc acquired a new stake in Floor & Decor during the 2nd quarter worth approximately $30,000. Blue Trust Inc. raised its stake in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after acquiring an additional 189 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying an additional 196 shares during the period.

Floor & Decor Stock Performance

NYSE:FND opened at $104.26 on Tuesday. The firm’s fifty day moving average price is $110.76 and its 200 day moving average price is $108.59. Floor & Decor Holdings, Inc. has a 1-year low of $77.82 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 57.92, a price-to-earnings-growth ratio of 13.12 and a beta of 1.83.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FND. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Monday. Wells Fargo & Company upped their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. reduced their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Three research 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. Based on data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $104.37.

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.