Oppenheimer & Co. Inc. Has $4.42 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Oppenheimer & Co. Inc. cut its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,562 shares of the company’s stock after selling 416 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Floor & Decor were worth $4,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in shares of Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock valued at $12,050,000 after purchasing an additional 12,158 shares during the period. Bleakley Financial Group LLC increased its position in shares of Floor & Decor by 14.1% in the first quarter. Bleakley Financial Group LLC now owns 2,455 shares of the company’s stock valued at $318,000 after acquiring an additional 303 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Floor & Decor by 2.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 98,621 shares of the company’s stock worth $12,783,000 after acquiring an additional 2,736 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Floor & Decor during the 1st quarter worth approximately $24,791,000. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Floor & Decor by 3.7% in the first quarter. Orion Portfolio Solutions LLC now owns 18,200 shares of the company’s stock valued at $2,359,000 after buying an additional 643 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FND. Mizuho boosted their price objective 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. Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Citigroup decreased their price objective on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Wells Fargo & Company lifted 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. Finally, Melius Research initiated coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $104.37.

Floor & Decor Price Performance

Floor & Decor stock opened at $102.20 on Friday. The stock has a 50-day moving average price of $110.48 and a two-hundred day moving average price of $108.43. Floor & Decor Holdings, Inc. has a 12 month low of $86.13 and a 12 month high of $135.67. The company has a market capitalization of $10.96 billion, a PE ratio of 56.78, a P/E/G ratio of 13.27 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.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Analysts expect that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.