Resonant Capital Advisors LLC Has $627,000 Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Resonant Capital Advisors LLC lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 2.2% in the third quarter, Holdings Channel reports. The institutional investor owned 5,052 shares of the company’s stock after selling 112 shares during the period. Resonant Capital Advisors LLC’s holdings in Floor & Decor were worth $627,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Riverview Trust Co bought a new position in Floor & Decor during the first quarter worth about $26,000. Chris Bulman Inc acquired a new position in shares of Floor & Decor during the 2nd quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 196 shares during the period. J.Safra Asset Management Corp boosted its stake in shares of 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 buying an additional 372 shares during the period. Finally, GAMMA Investing LLC grew its position in Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 shares in the last quarter.

Floor & Decor Stock Up 1.5 %

NYSE:FND opened at $110.04 on Monday. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The company has a market cap of $11.78 billion, a PE ratio of 53.16, a P/E/G ratio of 15.35 and a beta of 1.80. The firm’s 50 day simple moving average is $112.18 and its 200 day simple moving average is $109.72.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Floor & Decor’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup reduced their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Piper Sandler upped their price target on shares of Floor & Decor from $95.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Guggenheim decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Telsey Advisory Group reduced their target price on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $104.42.

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.