TCW Group Inc. Lowers Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

TCW Group Inc. lowered its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 44.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 24,939 shares of the company’s stock after selling 19,652 shares during the period. TCW Group Inc.’s holdings in Floor & Decor were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Polen Capital Management LLC lifted its position in Floor & Decor by 59,133.5% during the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after acquiring an additional 25,141,795 shares during the period. Capital World Investors lifted its holdings in shares of Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after purchasing an additional 627,256 shares during the period. Vanguard Group Inc. boosted its position in Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares during the last quarter. Capital Research Global Investors increased its holdings in Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares during the period. Finally, Capital International Investors raised its position in Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after buying an additional 73,448 shares during the last quarter.

Analysts Set New Price Targets

FND has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. TD Cowen cut their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Citigroup reduced their price objective on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Telsey Advisory Group lowered their target price on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Finally, Piper Sandler reduced their price target on Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $104.37.

Insider Activity

In related news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Floor & Decor Stock Performance

NYSE:FND opened at $105.17 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The stock has a market capitalization of $11.25 billion, a PE ratio of 50.81, a P/E/G ratio of 10.13 and a beta of 1.74. 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 fifty day moving average of $101.50 and a two-hundred day moving average of $111.23.

Floor & Decor (NYSE:FND) last released its quarterly earnings results 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 10.85%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts forecast that Floor & Decor Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

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.