Baird Financial Group Inc. Decreases Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Baird Financial Group Inc. lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341,202 shares of the company’s stock after selling 18,046 shares during the quarter. Baird Financial Group Inc. owned approximately 0.32% of Floor & Decor worth $34,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in Floor & Decor during the third quarter worth approximately $74,000. Tidal Investments LLC lifted its position in 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 acquiring an additional 130 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Floor & Decor by 6.0% in the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after acquiring an additional 30,310 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after purchasing an additional 223,332 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Floor & Decor by 15.1% in the 4th quarter. GAMMA Investing LLC now owns 1,619 shares of the company’s stock valued at $161,000 after purchasing an additional 212 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FND. Mizuho dropped their price target on Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday. Gordon Haskett lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. The Goldman Sachs Group reduced their price target on shares of Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a research report on Friday. Evercore ISI lowered their price objective 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. Finally, Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average price target of $94.65.

Floor & Decor Price Performance

Floor & Decor stock opened at $74.09 on Tuesday. 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 one year low of $66.01 and a one year high of $126.74. The company has a market cap of $7.96 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The business has a fifty day moving average of $79.28 and a two-hundred day moving average of $94.53.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, analysts predict that Floor & Decor Holdings, Inc. will post 2 earnings per share 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.