Natixis Advisors LLC Reduces Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Natixis Advisors LLC reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,149 shares of the company’s stock after selling 56,863 shares during the period. Natixis Advisors LLC owned about 0.33% of Floor & Decor worth $35,010,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the last quarter. Conway Capital Management Inc. purchased a new stake in Floor & Decor during the third quarter worth $1,090,000. Sanctuary Advisors LLC boosted its holdings in Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after buying an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Floor & Decor by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock worth $85,745,000 after buying an additional 30,496 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after buying an additional 16,569 shares in the last quarter.

Floor & Decor Price Performance

Floor & Decor stock opened at $85.73 on Monday. Floor & Decor Holdings, Inc. has a 12-month low of $84.07 and a 12-month high of $135.67. The stock has a market cap of $9.21 billion, a P/E ratio of 45.12, a PEG ratio of 19.06 and a beta of 1.95. The company has a 50-day moving average price of $96.94 and a 200 day moving average price of $104.62. 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 (NYSE:FND) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of recent analyst reports. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, February 21st. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a report on Friday, February 21st. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Finally, Piper Sandler reduced their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.83.

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.