Floor & Decor Holdings, Inc. (NYSE:FND) Holdings Cut by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC reduced its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 24.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 574 shares of the company’s stock after selling 184 shares during the period. Harbor Investment Advisory LLC’s holdings in Floor & Decor were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FND. Dimensional Fund Advisors LP increased its position in Floor & Decor by 15.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after purchasing an additional 115,876 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Floor & Decor by 7.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after buying an additional 169 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Floor & Decor by 4.9% in the second quarter. Ensign Peak Advisors Inc now owns 35,131 shares of the company’s stock worth $3,492,000 after buying an additional 1,650 shares during the last quarter. Marshall Wace LLP bought a new position in Floor & Decor during the second quarter valued at approximately $1,508,000. Finally, Fred Alger Management LLC lifted its stake in Floor & Decor by 2.8% in the second quarter. Fred Alger Management LLC now owns 65,747 shares of the company’s stock valued at $6,536,000 after acquiring an additional 1,808 shares during the last quarter.

Floor & Decor Price Performance

NYSE FND opened at $100.74 on Thursday. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a market capitalization of $10.80 billion, a PE ratio of 55.97, a P/E/G ratio of 11.05 and a beta of 1.84. The stock has a 50-day simple moving average of $104.03 and a 200 day simple moving average of $105.18.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FND. Piper Sandler cut their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company raised their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Mizuho boosted their price target on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. One research analyst has 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, the company presently has an average rating of “Hold” and a consensus price target of $104.67.

Floor & Decor Company Profile

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.