Wealth Enhancement Advisory Services LLC Sells 1,288 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Wealth Enhancement Advisory Services LLC cut its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 16.0% in the second quarter, Holdings Channel reports. The institutional investor owned 6,778 shares of the company’s stock after selling 1,288 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Floor & Decor were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Floor & Decor during the 4th quarter worth approximately $2,203,000. Lindbrook Capital LLC raised its holdings in shares of Floor & Decor by 16.4% in the fourth quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after purchasing an additional 125 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth $53,000. Yousif Capital Management LLC bought a new position in Floor & Decor in the fourth quarter valued at $5,614,000. Finally, Atria Wealth Solutions Inc. grew its position in Floor & Decor by 57.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 5,607 shares of the company’s stock valued at $626,000 after purchasing an additional 2,052 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird cut their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Truist Financial dropped 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. Evercore ISI decreased their target price on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Finally, Guggenheim lowered their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Down 2.0 %

FND opened at $106.50 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 market capitalization of $11.40 billion, a P/E ratio of 51.45, a P/E/G ratio of 10.13 and a beta of 1.74. The stock has a fifty day moving average of $100.57 and a 200-day moving average of $111.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.81 EPS for the current year.

Insiders Place Their Bets

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.10% of the company’s stock.

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.