Floor & Decor Holdings, Inc. (NYSE:FND) Position Reduced by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,564 shares of the company’s stock after selling 15,732 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.15% of Floor & Decor worth $16,208,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Quarry LP purchased a new position in Floor & Decor during the 3rd quarter worth approximately $34,000. Whipplewood Advisors LLC purchased a new position in shares of Floor & Decor during the fourth quarter valued at $35,000. Blue Trust Inc. raised its position in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after buying an additional 166 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Floor & Decor in the 4th quarter worth about $49,000. Finally, Allworth Financial LP boosted its position in Floor & Decor by 46.3% during the 4th quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after acquiring an additional 182 shares during the period.

Floor & Decor Stock Performance

Shares of FND opened at $80.44 on Friday. The company has a market capitalization of $8.64 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. 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 Holdings, Inc. has a one year low of $80.25 and a one year high of $129.79. The company’s fifty day moving average price is $94.33 and its 200 day moving average price is $102.94.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their target price for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $104.11.

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.