Icon Wealth Advisors LLC Has $309,000 Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Icon Wealth Advisors LLC lessened its holdings in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 31.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,489 shares of the company’s stock after selling 1,144 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Floor & Decor were worth $309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chris Bulman Inc acquired a new stake in shares of Floor & Decor during the second quarter worth about $30,000. Blue Trust Inc. raised its holdings in Floor & Decor by 242.0% during 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 period. J.Safra Asset Management Corp lifted its stake in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after acquiring an additional 196 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on FND shares. Mizuho boosted their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wedbush restated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Stifel Nicolaus boosted their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Trading Down 1.6 %

Shares of NYSE:FND opened at $112.21 on Friday. The company has a 50-day simple moving average of $109.71 and a 200 day simple moving average of $107.96. The company has a market capitalization of $12.03 billion, a P/E ratio of 62.34, a price-to-earnings-growth ratio of 14.90 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67.

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

About Floor & Decor

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.