DF Dent & Co. Inc. Sells 74,687 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

DF Dent & Co. Inc. reduced its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 517,066 shares of the company’s stock after selling 74,687 shares during the period. DF Dent & Co. Inc.’s holdings in Floor & Decor were worth $51,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in shares of Floor & Decor by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after acquiring an additional 100 shares in the last quarter. Corient Private Wealth LLC grew its stake in Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after purchasing an additional 122 shares during the last quarter. Tidal Investments LLC increased its position in shares of Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after purchasing an additional 130 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Floor & Decor by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock worth $296,000 after purchasing an additional 133 shares in the last quarter.

Floor & Decor Stock Up 2.7 %

FND stock opened at $82.07 on Thursday. Floor & Decor Holdings, Inc. has a fifty-two week low of $76.29 and a fifty-two week high of $126.74. 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 stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 19.06 and a beta of 1.86. The business’s fifty day moving average price is $93.11 and its two-hundred day moving average price is $102.31.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Piper Sandler cut their target price on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $103.56.

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.