Commerce Bank Sells 599 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Commerce Bank cut its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 11.6% during the 3rd quarter, Holdings Channel reports. The firm owned 4,559 shares of the company’s stock after selling 599 shares during the quarter. Commerce Bank’s holdings in Floor & Decor were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its stake in Floor & Decor by 20.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,515 shares of the company’s stock valued at $585,000 after buying an additional 770 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Floor & Decor by 0.6% during the first quarter. Janus Henderson Group PLC now owns 56,783 shares of the company’s stock worth $7,359,000 after acquiring an additional 334 shares in the last quarter. Tidal Investments LLC bought a new stake in Floor & Decor in the first quarter worth $230,000. Virtu Financial LLC boosted its holdings in Floor & Decor by 117.7% during the 1st quarter. Virtu Financial LLC now owns 11,160 shares of the company’s stock valued at $1,447,000 after acquiring an additional 6,033 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Floor & Decor by 263.8% in the first quarter. Cetera Investment Advisers now owns 27,426 shares of the company’s stock worth $3,555,000 after purchasing an additional 19,888 shares during the last quarter.

Floor & Decor Trading Up 6.4 %

Shares of Floor & Decor stock opened at $119.22 on Tuesday. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 66.23, a PEG ratio of 14.63 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12-month low of $89.06 and a 12-month high of $135.67. The firm’s 50 day simple moving average is $110.06 and its two-hundred day simple moving average is $108.00.

Floor & Decor (NYSE:FND) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on FND. Robert W. Baird lowered their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Stifel Nicolaus raised their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Piper Sandler dropped their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Guggenheim dropped their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Mizuho upped their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average price target of $104.37.

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.