Floor & Decor Holdings, Inc. (NYSE:FND) Stake Trimmed by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 28.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,973 shares of the company’s stock after selling 11,571 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Floor & Decor were worth $2,889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FND. FMR LLC boosted its stake in Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the period. Fisher Funds Management LTD acquired a new stake in shares of Floor & Decor in the fourth quarter worth $128,797,000. Madison Investment Advisors LLC purchased a new position in shares of Floor & Decor during the fourth quarter valued at $97,552,000. Principal Financial Group Inc. raised its position in Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock valued at $146,037,000 after buying an additional 926,208 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Floor & Decor in the 4th quarter worth about $54,640,000.

Floor & Decor Stock Up 0.3 %

FND stock opened at $84.23 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company has a 50-day moving average of $95.76 and a two-hundred day moving average of $103.71. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. Floor & Decor Holdings, Inc. has a 52-week low of $80.82 and a 52-week high of $131.85.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Finally, Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.83.

Floor & Decor 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.