Pecaut & CO. Sells 700 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Pecaut & CO. decreased its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,950 shares of the company’s stock after selling 700 shares during the quarter. Floor & Decor comprises about 0.8% of Pecaut & CO.’s portfolio, making the stock its 27th biggest holding. Pecaut & CO.’s holdings in Floor & Decor were worth $2,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FND. CIBC Asset Management Inc increased its position in shares of Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after purchasing an additional 110 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Floor & Decor by 8.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 31,818 shares of the company’s stock worth $3,951,000 after purchasing an additional 2,586 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $1,887,000. King Luther Capital Management Corp increased its position in shares of Floor & Decor by 1.6% during the 3rd quarter. King Luther Capital Management Corp now owns 11,160 shares of the company’s stock worth $1,386,000 after purchasing an additional 173 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after purchasing an additional 333,338 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FND shares. 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. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Piper Sandler decreased their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average price target of $104.83.

Floor & Decor Stock Performance

NYSE:FND opened at $83.80 on Friday. The stock has a fifty day moving average price of $95.97 and a 200-day moving average price of $103.96. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 19.06 and a beta of 1.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a fifty-two week low of $81.38 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

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.