Eagle Asset Management Inc. Has $66.49 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Eagle Asset Management Inc. lessened its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 34.2% in the third quarter, Holdings Channel reports. The firm owned 535,451 shares of the company’s stock after selling 277,743 shares during the quarter. Eagle Asset Management Inc.’s holdings in Floor & Decor were worth $66,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chris Bulman Inc bought a new position in Floor & Decor in the 2nd quarter valued at about $30,000. Blue Trust Inc. increased its stake in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the last quarter. J.Safra Asset Management Corp raised its position in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares in the last quarter. GAMMA Investing LLC lifted its stake in Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FND. Piper Sandler dropped their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Stifel Nicolaus raised their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Mizuho upped their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Trading Up 3.5 %

FND opened at $107.15 on Friday. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The company has a fifty day moving average of $110.09 and a 200-day moving average of $108.15. The stock has a market cap of $11.49 billion, a PE ratio of 59.53, a price-to-earnings-growth ratio of 13.00 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

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

Floor & Decor Company 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.