PNC Financial Services Group Inc. cut its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,231 shares of the company’s stock after selling 1,265 shares during the period. PNC Financial Services Group Inc.’s holdings in Floor & Decor were worth $1,395,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN lifted its stake in Floor & Decor by 1.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after purchasing an additional 16,125 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Floor & Decor by 15.9% in the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after purchasing an additional 115,876 shares during the period. XN LP purchased a new stake in shares of Floor & Decor in the second quarter worth $70,177,000. Principal Financial Group Inc. boosted its stake in Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after buying an additional 30,310 shares during the period. Finally, Natixis Advisors LLC grew its position in Floor & Decor by 14.4% during the third quarter. Natixis Advisors LLC now owns 408,012 shares of the company’s stock worth $50,663,000 after buying an additional 51,322 shares in the last quarter.

Floor & Decor Trading Down 3.7 %

Shares of FND opened at $114.75 on Wednesday. The stock has a market capitalization of $12.30 billion, a P/E ratio of 63.75, a PEG ratio of 14.63 and a beta of 1.83. Floor & Decor Holdings, Inc. has a twelve month low of $89.06 and a twelve month high of $135.67. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $110.11 and a two-hundred day simple moving average of $108.00.

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Floor & Decor (NYSE:FND – Get Free Report) last posted 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. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. Floor & Decor’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FND. Melius Research assumed coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Guggenheim lowered their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Piper Sandler dropped their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $104.37.

View Our Latest Stock Report on Floor & Decor

Floor & Decor Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Floor & Decor (NYSE:FND)



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