California Public Employees Retirement System Sells 7,877 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

California Public Employees Retirement System reduced its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,567 shares of the company’s stock after selling 7,877 shares during the period. California Public Employees Retirement System owned 0.12% of Floor & Decor worth $12,718,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FND. Louisiana State Employees Retirement System lifted its holdings in shares of Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after purchasing an additional 100 shares during the last quarter. Corient Private Wealth LLC raised its stake in Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after buying an additional 120 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after buying an additional 122 shares during the last quarter. Tidal Investments LLC boosted its holdings in Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after acquiring an additional 130 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Floor & Decor by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock worth $296,000 after acquiring an additional 133 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FND. Evercore ISI lowered their price target on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Piper Sandler lowered their price objective on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Finally, The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average target price of $103.56.

Floor & Decor Trading Up 1.8 %

Shares of FND stock opened at $71.55 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 19.06 and a beta of 1.86. Floor & Decor Holdings, Inc. has a 1 year low of $66.01 and a 1 year high of $126.74. The firm has a fifty day moving average price of $91.82 and a 200-day moving average price of $101.66.

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