Floor & Decor Holdings, Inc. (NYSE:FND) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lessened its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 7.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,015 shares of the company’s stock after selling 1,990 shares during the period. Captrust Financial Advisors’ holdings in Floor & Decor were worth $2,982,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in 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 purchasing an additional 1,291,214 shares during the period. XN LP acquired a new stake in Floor & Decor during the 2nd quarter valued at $70,177,000. Massachusetts Financial Services Co. MA raised its stake in Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after purchasing an additional 333,338 shares during the period. Natixis Advisors LLC raised its stake in Floor & Decor by 94.7% during the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after purchasing an additional 173,518 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after purchasing an additional 115,876 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stifel Nicolaus boosted their target price 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. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Trading Down 2.8 %

Shares of NYSE:FND opened at $108.21 on Thursday. The company has a market cap of $11.60 billion, a P/E ratio of 60.12, a P/E/G ratio of 14.62 and a beta of 1.82. The stock’s 50-day moving average is $109.16 and its 200-day moving average is $107.65. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. 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 (NYSE:FND) last released its 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. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Floor & Decor 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.