Floor & Decor Holdings, Inc. $FND Holdings Cut by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 73.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,300 shares of the company’s stock after selling 22,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Floor & Decor were worth $380,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System grew its stake in shares of Floor & Decor by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 29,826 shares of the company’s stock valued at $1,770,000 after buying an additional 224 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Floor & Decor by 20.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,703 shares of the company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Floor & Decor by 1.6% during the 1st quarter. State of Michigan Retirement System now owns 25,900 shares of the company’s stock worth $1,316,000 after buying an additional 400 shares during the last quarter. Gibbs Wealth Management increased its holdings in shares of Floor & Decor by 6.8% during the 3rd quarter. Gibbs Wealth Management now owns 8,037 shares of the company’s stock worth $368,000 after buying an additional 511 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Floor & Decor by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,766 shares of the company’s stock valued at $127,000 after buying an additional 512 shares during the period.

Floor & Decor Trading Down 0.4%

NYSE FND opened at $51.25 on Friday. The firm’s 50-day moving average is $47.44 and its two-hundred day moving average is $54.29. Floor & Decor Holdings, Inc. has a 12 month low of $42.64 and a 12 month high of $77.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.32 and a quick ratio of 0.44. The stock has a market capitalization of $5.46 billion, a P/E ratio of 22.98, a PEG ratio of 4.31 and a beta of 1.56.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, October 29th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Floor & Decor had a net margin of 5.05% and a return on equity of 8.40%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $0.53 earnings per share. Floor & Decor’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird set a $67.00 price objective on Floor & Decor in a report on Friday, July 31st. Piper Sandler increased their price objective on Floor & Decor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Morgan Stanley cut their target price on Floor & Decor from $64.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, November 2nd. Truist Financial cut their target price on Floor & Decor from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Finally, Evercore restated a “positive” rating on shares of Floor & Decor in a research report on Friday, October 30th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Floor & Decor currently has a consensus rating of “Reduce” and an average target price of $54.70.

Floor & Decor Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.

Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.