Summit Investment Advisors Inc. Sells 508 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Summit Investment Advisors Inc. lessened its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,478 shares of the company’s stock after selling 508 shares during the period. Summit Investment Advisors Inc.’s holdings in Floor & Decor were worth $2,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FND. Huntington National Bank grew its stake in shares of Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after purchasing an additional 188 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Floor & Decor in the 4th quarter worth approximately $35,000. Blue Trust Inc. lifted its holdings in Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after buying an additional 166 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $49,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $49,000.

Floor & Decor Trading Down 2.7 %

Shares of NYSE FND opened at $73.01 on Tuesday. The firm’s 50 day moving average price is $87.31 and its 200-day moving average price is $99.07. Floor & Decor Holdings, Inc. has a 52-week low of $66.01 and a 52-week high of $126.74. 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 company has a market cap of $7.84 billion, a PE ratio of 38.43, a P/E/G ratio of 19.06 and a beta of 1.86.

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, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. On average, equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on FND shares. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. 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. Piper Sandler lowered their price objective on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. upped 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. Finally, 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 research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $103.56.

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.