Ingalls & Snyder LLC Sells 412 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Ingalls & Snyder LLC trimmed its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 13,780 shares of the company’s stock after selling 412 shares during the quarter. Ingalls & Snyder LLC’s holdings in Floor & Decor were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its stake in Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. State Street Corp raised its holdings in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after buying an additional 222,980 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after buying an additional 85,299 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Floor & Decor by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after buying an additional 24,509 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after acquiring an additional 223,332 shares in the last quarter.

Wall Street Analyst Weigh In

FND has been the topic of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Monday, November 11th. Wells Fargo & Company boosted their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Stifel Nicolaus increased their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Piper Sandler lowered their target price 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.67.

Floor & Decor Stock Up 2.1 %

FND opened at $97.96 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The firm’s 50 day simple moving average is $101.50 and its two-hundred day simple moving average is $105.96. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $10.50 billion, a PE ratio of 54.42, a PEG ratio of 11.51 and a beta of 1.83.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.