Retirement Systems of Alabama Sells 28,057 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Retirement Systems of Alabama trimmed its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 17.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 130,383 shares of the company’s stock after selling 28,057 shares during the quarter. Retirement Systems of Alabama’s holdings in Floor & Decor were worth $12,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FND. Quarry LP bought a new position in shares of Floor & Decor during the third quarter valued at approximately $34,000. Blue Trust Inc. boosted its holdings in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Floor & Decor in the 3rd quarter valued at $74,000. UMB Bank n.a. increased its stake in Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after purchasing an additional 196 shares during the period. Finally, Trust Co. of Vermont lifted its position in shares of Floor & Decor by 21.1% during the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares during the last quarter.

Wall Street Analysts Forecast Growth

FND has been the topic of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Stifel Nicolaus raised their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Piper Sandler lowered their price target 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 raised 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. Finally, Wells Fargo & Company upped their target price 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.67.

Floor & Decor Stock Down 2.8 %

Shares of Floor & Decor stock opened at $101.03 on Friday. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67. The firm’s 50 day moving average price is $102.71 and its 200-day moving average price is $105.81. 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 company has a market cap of $10.83 billion, a P/E ratio of 56.13, a PEG ratio of 11.07 and a beta of 1.83.

About Floor & Decor

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.