Wealth Alliance Trims Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Wealth Alliance lowered its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,098 shares of the company’s stock after selling 305 shares during the period. Wealth Alliance’s holdings in Floor & Decor were worth $209,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares during the last quarter. Quarry LP purchased a new position in shares of Floor & Decor during the 3rd quarter worth about $34,000. Bank of Jackson Hole Trust acquired a new stake in shares of Floor & Decor in the fourth quarter worth approximately $49,000. Allworth Financial LP grew its holdings in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock valued at $58,000 after purchasing an additional 182 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Floor & Decor in the third quarter valued at approximately $74,000.

Floor & Decor Price Performance

FND opened at $94.25 on Friday. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 19.06 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $99.62 and a 200 day simple moving average of $105.99.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of recent analyst reports. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday. Stifel Nicolaus lifted their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Mizuho boosted their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Piper Sandler cut their price objective on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Wells Fargo & Company boosted their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $106.16.

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.