Retirement Systems of Alabama Reduces Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Retirement Systems of Alabama decreased its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 130,383 shares of the company’s stock after selling 28,057 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Floor & Decor worth $12,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. raised its stake in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the last quarter. Quarry LP bought a new position in shares of Floor & Decor in the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Floor & Decor in the third quarter worth approximately $74,000. UMB Bank n.a. grew its position in Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying an additional 196 shares during the period. Finally, Trust Co. of Vermont increased its holdings in Floor & Decor by 21.1% during the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock valued at $115,000 after buying an additional 200 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler lowered their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group downgraded shares of 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. Finally, Wells Fargo & Company raised their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.67.

Floor & Decor Trading Down 2.8 %

FND opened at $101.03 on Friday. The stock has a 50-day moving average of $102.71 and a 200 day moving average of $105.81. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 12 month low of $89.06 and a 12 month high of $135.67. The firm has a market cap of $10.83 billion, a P/E ratio of 56.13, a P/E/G ratio of 11.07 and a beta of 1.83.

Floor & Decor Company Profile

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.