MassMutual Private Wealth & Trust FSB Cuts Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

MassMutual Private Wealth & Trust FSB lessened its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,476 shares of the company’s stock after selling 875 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Floor & Decor were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 196 shares in the last quarter. Quarry LP purchased a new stake in shares of Floor & Decor during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Floor & Decor during the 3rd quarter worth $74,000. UMB Bank n.a. increased 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. Finally, Trust Co. of Vermont lifted its stake in shares of Floor & Decor by 21.1% in the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock valued at $115,000 after purchasing an additional 200 shares during the period.

Floor & Decor Stock Performance

NYSE FND opened at $100.74 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $10.80 billion, a PE ratio of 55.97, a price-to-earnings-growth ratio of 11.05 and a beta of 1.84. The business’s 50-day moving average price is $104.03 and its 200 day moving average price is $105.18. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Stifel Nicolaus lifted their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Finally, Mizuho raised their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.67.

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.