Wellington Management Group LLP Sells 206,170 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Wellington Management Group LLP trimmed its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 505,799 shares of the company’s stock after selling 206,170 shares during the quarter. Wellington Management Group LLP owned approximately 0.47% of Floor & Decor worth $50,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System increased its stake in shares of Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after buying an additional 100 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after acquiring an additional 120 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of 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 purchasing an additional 122 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after purchasing an additional 130 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in Floor & Decor by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock worth $296,000 after purchasing an additional 133 shares during the last quarter.

Wall Street Analyst Weigh In

FND has been the topic of a number of recent research reports. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Monday, February 24th. The Goldman Sachs Group lowered 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. Evercore ISI cut their target price on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Finally, Gordon Haskett lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $103.56.

Floor & Decor Price Performance

Shares of FND opened at $71.55 on Friday. 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 firm has a market capitalization of $7.68 billion, a PE ratio of 37.66, a P/E/G ratio of 19.06 and a beta of 1.86. The stock has a 50 day simple moving average of $91.82 and a 200 day simple moving average of $101.66. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74.

Floor & Decor (NYSE:FND) last issued 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. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Sell-side analysts predict 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.