Fenimore Asset Management Inc Sells 1,151 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Fenimore Asset Management Inc lowered its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,314 shares of the company’s stock after selling 1,151 shares during the period. Fenimore Asset Management Inc owned 0.13% of Floor & Decor worth $13,989,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FND. FMR LLC lifted its stake in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after buying an additional 1,291,214 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after buying an additional 333,338 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after acquiring an additional 223,332 shares during the period. State Street Corp increased its holdings in Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after acquiring an additional 222,980 shares during the period. Finally, DF Dent & Co. Inc. boosted its holdings in Floor & Decor by 30.2% in the 3rd quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock valued at $73,478,000 after purchasing an additional 137,388 shares during the period.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus raised their price target on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Mizuho raised 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 reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. 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. Finally, Piper Sandler decreased their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $104.67.

Floor & Decor Stock Up 2.3 %

FND stock opened at $104.26 on Friday. Floor & Decor Holdings, Inc. has a 1-year low of $89.06 and a 1-year high of $135.67. The business has a fifty day moving average price of $104.05 and a 200-day moving average price of $105.24. The stock has a market capitalization of $11.18 billion, a P/E ratio of 57.92, a P/E/G ratio of 11.15 and a beta of 1.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND) last issued 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 company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

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.