Mutual of America Capital Management LLC Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Mutual of America Capital Management LLC lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.5% during the second quarter, Holdings Channel.com reports. The firm owned 61,270 shares of the company’s stock after selling 2,229 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Floor & Decor were worth $6,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. increased its position in shares of Floor & Decor by 4.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after purchasing an additional 96 shares in the last quarter. Vancity Investment Management Ltd increased its position in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after buying an additional 111 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Floor & Decor by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after buying an additional 117 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Floor & Decor by 2.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after acquiring an additional 120 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after acquiring an additional 121 shares during the last quarter.

Floor & Decor Stock Down 0.8 %

FND opened at $119.62 on Friday. The company has a fifty day moving average of $103.88 and a two-hundred day moving average of $111.07. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.19 and a beta of 1.79. 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 debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $1.13 billion during 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%. Floor & Decor’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Piper Sandler decreased their price target on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. TD Cowen dropped their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Evercore ISI reduced their target price on 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, Wells Fargo & Company lowered their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.84.

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.