Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 3.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,046 shares of the company’s stock after selling 155 shares during the period. ProShare Advisors LLC’s holdings in Floor & Decor were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc raised its holdings in shares of Floor & Decor by 4.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,131 shares of the company’s stock valued at $3,492,000 after buying an additional 1,650 shares during the period. Sei Investments Co. grew its position in Floor & Decor by 1.9% in the 2nd quarter. Sei Investments Co. now owns 317,311 shares of the company’s stock valued at $31,545,000 after acquiring an additional 6,029 shares in the last quarter. King Luther Capital Management Corp increased its stake in Floor & Decor by 1.2% during the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after purchasing an additional 127 shares during the period. Bridges Investment Management Inc. acquired a new stake in shares of Floor & Decor during the second quarter worth about $415,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after purchasing an additional 169 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Guggenheim cut their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company reduced their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Melius Research started coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 target price for the company. Stifel Nicolaus upped their price target on Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.85.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $124.10 on Tuesday. Floor & Decor Holdings, Inc. has a 12 month low of $76.30 and a 12 month high of $135.67. The firm has a market capitalization of $13.28 billion, a P/E ratio of 59.95, a P/E/G ratio of 2.46 and a beta of 1.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The company’s fifty day moving average price is $107.22 and its 200 day moving average price is $110.80.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company posted $0.66 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 1.67 earnings per share for the current fiscal year.

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.