Park Avenue Securities LLC Sells 2,033 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Park Avenue Securities LLC reduced its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,378 shares of the company’s stock after selling 2,033 shares during the period. Park Avenue Securities LLC’s holdings in Floor & Decor were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FND. Capital Research Global Investors grew its position in Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after acquiring an additional 1,334,650 shares during the period. XN LP bought a new stake in shares of Floor & Decor in the 2nd quarter worth about $70,177,000. Vanguard Group Inc. increased its position in shares of Floor & Decor by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after purchasing an additional 300,506 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Floor & Decor by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after purchasing an additional 265,622 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Floor & Decor in the first quarter valued at about $24,791,000.

Floor & Decor Stock Up 2.4 %

Shares of Floor & Decor stock opened at $114.71 on Wednesday. The stock has a market cap of $12.28 billion, a PE ratio of 55.42, a price-to-earnings-growth ratio of 2.46 and a beta of 1.80. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The business has a fifty day simple moving average of $109.84 and a 200 day simple moving average of $110.46. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last released 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 business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.66 EPS. Floor & Decor’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts predict that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Citigroup cut their price objective on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Telsey Advisory Group decreased 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. Truist Financial cut their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Evercore ISI lowered their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.42.

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.